The typical asking rate per listing is in the $60's per square foot per year. The Watergate submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 11% increase in rent.
Compared to the rest of the East Bay market, the Watergate region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 8 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,610 sqft, there are still 0 listings below 2,000 sqft. Most properties in this region are approximately 16 stories. Most buildings in this market were built in 1985 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Watergate folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.