The typical asking rate per listing is in the $50's per square foot per year. The Produce and Waterfront submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 17% increase in rent.
Compared to the rest of the East Bay market, the Produce and Waterfront submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 13 listings have been made available, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 15% of the available space in the Produce and Waterfront are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,900 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market were built in 1957 and are Class B.
A large portion of this region is residential, but there's plenty of 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.