Emeryville Commercial Real Estate And Office Space For Rent

Description:

The City of Emeryville is centrally located at the eastern landing of the Bay Bridge, in the heart of the Bay Area.  It a proven, high quality location business and is already home to several major corporations.  Emeryville has emerged as an important commercial center in the East Bay, offering a diverse mix of retail space, industrial space, flex space, and office space options throughout the city.

Companies who look in this city also look in nearby cities such as Oakland, Albany, and Berkeley.

Retail space:  Emeryville has four regional retail centers that provide shopping opportunities for both businesses and residents, as well other smaller commercial pockets throughout the city. Bay Street that includes restaurants such as PF Chang’s and California Pizza Kitchen, as well as high quality retailers including Apple, H&M, and Sephora. Several new apartment and condominium projects have been completed or are under construction, and these new residents have been attracted to Emeryville due to its diverse retail options and central location to the rest of the Bay Area. Retail centers in the city include Bay Street, the Powell Street Plaza, East Bay Bridge Center, and the Emeryville Public Market.  Exciting retail opportunities include restaurant space and storefront space.  Financial incentives for retailers choosing to locate on either San Pablo or Park Avenues are available through the Economic Development and Housing Department (see http://www.ci.emeryville.ca.us/business/ ).

Office space: Emeryville offers many attractive options for East Bay residents who are looking for a new site for their office or commercial space. The location of Emeryville in the heart of the Bay Area allows for a favorable commute pattern that draws many companies to Emeryville. Many of Emeryville’s office locations offer convenient parking, and great access to amenities. Emeryville is serviced by the Emery-Go-Round, a free bus services that takes local residents and employees within the city and to and from BART every 15-30 minutes. Available office space includes high rise offices, low rise offices, live-work lofts, and converted warehouse office space. Some companies who call Emeryville home include Pixar, Novartis, Jamba Juice, Zip Realty, and Leapfrog.

Industrial space: Emeryville is one of the local leaders in movement to provide lab space to the growing local biotech community.  Emeryville offers superior freeway access to Interstate 80, 880, 580, and 24 and is close to the Port of Oakland making it an ideal location for warehouses and other light industrial uses. Industrial space in Emeryville includes storage spaces, warehouse spaces, distribution spaces, and manufacturing spaces.

Quick Market Stats:

There's roughly 4,000,000 square feet of office space with a rough overall vacancy rate of 9%.  The average asking rates for Class A office space is $3.25(fs) and Class B office space is $2.25(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.