On average, listings lease in the $40's per square foot per year. The Produce and Waterfront region is experiencing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 14% decline in rent.
Compared to the rest of the East Bay market, the Produce and Waterfront region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 13 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 92% of the office spaces in the Produce and Waterfront are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,850 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this region were built in 1957 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Most of the occupants of Produce and Waterfront work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.