Berkeley Commercial Real Estate And Office Space For Rent

Description:

The City of Berkeley continues to be an exciting place for companies to work out of. It offers a diverse mix of retail space, industrial space, flex space, and office space options throughout several part of the city for a companies commercial real estate needs.

Companies looking in Berkeley also look in nearby cities such as El Cerrito, Emeryville, and Oakland.

Retail space in Berkeley: Berkeley, with its mix of residents and active college students, has been always been considered a hot bed for retail space in the Bay Area. Retails hubs in the city of Berkeley include Telegraph Avenue, Shattuck Avenue, the Gourmet Ghetto, and 4th Street. . Exciting retail opportunities include restaurant space and storefront space,

Office space in Berkeley: Berkeley offers many attractive options for Berkeley residents who are looking for a new site for their office or commercial space. Although Berkeley has a reputation of not being business–friendly, many companies find the opposite to be true. Berkeley is home to Cliffbar, Powerbar, and division of many high tech companies that want to keep a presence near the great education institution of UC Berkeley.   Many of Berkeley’s office locations offer great BART access, convenient parking, bike storage and great access to amenities. Berkeley offers high rise office space, low rise office space, lofts, and converted warehouse office space. The biotech community has a strong presence in Berkeley and many companies including Bayer and Dynavax call Berkeley home.

Warehouse space in Berkeley: Berkeley offers great freeway access along Interstate 80 and close proximity to the Oakland airport. Berkeley has storage spaces, warehouse spaces, distribution spaces, and manufacturing spaces. The warehouse market in Berkeley is typically found in West or South Berkeley and most spaces are typically 30,000 square feet or smaller.

Quick Market Stats:

There's roughly 2,600,000 square feet of office space with a rough overall vacancy rate of 12%.  The average asking rates for Class A office space is $3.50(fs) and Class B office space is $2.00(fs) per square foot per month.

The industrial space market is roughly 10,000,000 square feet and has an overall vacancy rate of just 1.5%.  Average lease rates range for warehouse space is $0.85 while R&D/Flex space is $0.95