What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Berkeley commercial real estate market incorporates 4,997,705 square feet of office space across 104 buildings. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Berkeley, the coworking segment of the commercial real estate market incorporates about 2,679 square feet. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Berkeley commercial real estate market includes 1,804,838 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Berkeley market, there is a total of 2,523,687 square feet of industrial property.

What types of commercial real estate are available in Berkeley, CA?

The largest share of commercial real estate space for lease in Berkeley is represented by Office space , which accounts for 511,306 square feet of available listings. Industrial space available in Berkeley adds up to 178,619 square feet.

What factors affect the price of commercial real estate in Berkeley, CA?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What is the average rent for commercial space in Berkeley, CA?

The average rent for commercial real estate space listed for lease in Berkeley is $41.59 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Berkeley can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

What are the best areas for commercial real estate in Berkeley, CA?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in Berkeley, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Berkeley is in the Downtown Berkeley neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Berkeley area . Meanwhile, retail space opportunities are most abundant in the Southwest Berkeley submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Southwest Berkeley . Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $118.72 per square foot. In particular, the property type commanding the highest lease rates in Berkeley was Office space. Conversely, the highest sale price last year was $30,125,000 that is located at 2120 Berkeley Way.

What is the average size of a commercial property in Berkeley, CA?

The average size of a commercial property in Berkeley depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: In Berkeley, the average size of an office property is 60,213 square feet. Retail properties here incorporate an average of 41,019 square feet. Industrial space in Berkeley is in buildings that are, on average 114,713 square feet in size.

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188 Commercial Real Estate Listings in Berkeley, CA

CRE Market Stats

Berkeley - NextSpace
Pacific Workplaces
2081 Center Street, Berkeley, CA
Services

Virtual Office

Open Workspace

Meeting Room
Amenities

Fax services

Mail services

Receptionist/Secretarial services
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811 Folger Ave

811 Folger Ave, Southwest Berkeley, Berkeley, CA
For Lease

Contact for pricing
Property

Office

1,015 SF
Availability Contact for availability
Year Built

2020
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1917 Sixth St

1917 Sixth St, Northwest Berkeley, Berkeley, CA
For Sale

$3,240,000
Property

Multi-Family

8,184 SF
Year Built

1964
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3120 Telegraph Ave

3120 Telegraph Ave, South Berkeley, Berkeley, CA
For Lease

Contact for pricing
Property

Mixed Use

25,982 SF
Availability Contact for availability
Year Built

1957
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Downtown Berkeley
Regus
2001 Addison Street Suite 300, Berkeley, CA
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business lounge

Cleaning services

Complimentary coffee & tea

High-speed internet

High-speed wifi

Kitchen

Mail services

Money-back guarantee
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Saul Zaentz Center

2600 10th Street, Southwest Berkeley, Berkeley, CA
For Lease

Contact for pricing
Property

Office

128,946 SF
Availability

1 Space

12,072 SF
Year Built

1971
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THE PROMENADE

1936 University Ave, Downtown Berkeley, Berkeley, CA
For Lease

$3.75 - $4.25/SF/MO
Property

Office
Availability

6 Spaces

11,063 SF
Year Built

1993
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Aquatic Park Center - 725 Potter Street

725 Potter Street, Southwest Berkeley, Berkeley, CA
For Lease

Contact for pricing
Property

Office

75,000 SF
Availability

1 Space

81,500 SF
Year Built

2002
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R&D/FLEX SPACE FOR LEASE

1700 5th St, Northwest Berkeley, Berkeley, CA
For Lease

$3.75/SF/MO
Property

Industrial
Availability

1 Space

38,385 SF
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901 Gilman Street

901 Gilman Street, Golden Gate Fields, Berkeley, CA
For Lease

Contact for pricing
Property

Industrial

115,000 SF
Availability

1 Space

18,248 SF
Year Built

1940
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2000 Center Street

2000 Center Street, Downtown Berkeley, Berkeley, CA
For Lease

$47.40/SF/YR
Property

Office

47,000 SF
Availability

2 Spaces

15,321 SF
Year Built

1972
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2006 Kala Bagai Way

2006 Kala Bagai Way, Downtown Berkeley, Berkeley, CA
For Lease

$1,300.00 - $3,700.00/MO
Property

Office

18,300 SF
Availability

6 Spaces

2,415 SF
Year Built

1900
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RETAIL BUILDING FOR SALE

2961 College Ave, Elmwood, Berkeley, CA
For Sale

$4,490,000
Property

Retail

5,576 SF
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2041 Bancroft Way

2041 Bancroft Way, Downtown Berkeley, Berkeley, CA
For Lease

$3.50/SF/MO
Property

Office

25,662 SF
Availability

4 Spaces

7,505 SF
Year Built

1991
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2120 University Avenue
WeWork
2120 University Avenue, Berkeley, CA
Services

Open Workspace

Meeting Room

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Bike storage

Cleaning services

Hands-free dispensers

Heating & A/C

High-speed wifi

IT support

Kitchen

Lockable filing cabinets
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807 Folger Ave

807 Folger Ave, Southwest Berkeley, Berkeley, CA
For Lease

Contact for pricing
Property

Office

1,350 SF
Availability Contact for availability
Year Built

2008
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CONSTITUTION SQUARE

2168-2176 Shattuck Ave, Downtown Berkeley, Berkeley, CA
For Sale

Contact for pricing
Property

Office

36,644 SF
Year Built

1984
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750-780 Gilman Street, 1300-1360 5th Street & 1355-1375 4th Street

750 Gilman Street, Northwest Berkeley, Berkeley, CA
For Lease

$15.60/SF/YR
Property

Industrial

78,000 SF
Availability

2 Spaces

7,746 SF
Year Built

1930
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MULTI-FAMILY BUILDING FOR SALE

2731 Durant Ave, University of California, Berkeley, CA
For Sale

$3,900,000
Property

Other

4,716 SF
Year Built

1990
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2615 Ashby Ave

2615 Ashby Ave, Elmwood, Berkeley, CA
For Sale

$1,575,000
Property

Office

2,750 SF
Year Built

1914
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CONSTITUTION SQUARE

2168 Shattuck Ave, Downtown Berkeley, Berkeley, CA
For Lease

Contact for pricing
Property

Office
Availability

3 Spaces

25,585 SF
Year Built

1984
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Telegraph Avenue Mixed-Use

2414 Telegraph Avenue, University of California, Berkeley, CA
For Sale

$17,800,000
Property

Multi-Family

39,682 SF
Year Built

1919
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FRANCES SHATTUCK

2100 Shattuck Ave, Downtown Berkeley, Berkeley, CA
For Lease

Contact for pricing
Property

Office
Availability

1 Space

5,037 SF
Year Built

1999
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RETAIL SPACE FOR LEASE

2006 San Pablo Ave, Southwest Berkeley, Berkeley, CA
For Lease

$2.08/SF/MO
Property

Retail
Availability

1 Space

1,588 SF
Year Built

1969
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1355 4th Street

1355 4th Street, Northwest Berkeley, Berkeley, CA
For Lease

Contact for pricing
Property

Office

2,780 SF
Availability Contact for availability
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1941 San Pablo Avenue

1941 San Pablo Avenue, Southwest Berkeley, Berkeley, CA
For Lease

Contact for pricing
Property

Retail

26,357 SF
Availability

1 Space

18,235 SF
Year Built

1925
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