East Bay Office Group
Oakland Office Lease Renewal / Extend and Blend
Ben and I recently represented a client on what we call an extend and blend transaction for their Oakland office space. We were able to approach their landlord and lower their current rent rate by extending the term. In exchange for the longer term the landlord was willing to give the tenant a break on their remaining lease term. In troubled economic times like these when vacancies tend to be high and competition among landlords is fierce an extend and blend transaction can be a valuable tool enabling tenants to lower their current rent while locking in the current low lease rates for a long time. We were able to save our client approximately 12% on their rent expense over the next 30 months. These saving can be significant over the life of the lease.
If you would like a no obligation lease review to see if a blend and extend is right for your company please contact Dave at (510)903-7601 or Ben at (510)903-7606.
Hayward Office/Flex Space For Lease
23314 Cabot
We have just been hired to list 7,500 square feet of office/flex space for lease at 23314 Cabot in Hayward. The asking rate is only $.55 per square foot industrial gross. The space is very flexible as it has nice office finishes and open area that can be used as a showroom, cubicle office space, or can be converted to warehouse space with excellent clear height. For more information please contact Dave at (510)903-7601 or Ben at (510)903-7606.
San Leandro Office Space Leases
We just completed a new lease with a company at 14895 E 14th St. The landlord’s ability to provide tenant improvements and to complete the deal quickly were major factors in getting this lease done. We were able to provide a very attractive lease rate for the tenant. If you would like to know how we can help your company find the right space please contact Dave at (510)903-7601 or Ben at (510)903-7606.
San Leandro Office Space For Lease
Offices For Lease
Ben and I were recently hired to list an office building for lease. The property, located at 14895 E 14th St in San Leandro, has multiple available office suites ranging in size from 467 square feet up to 2,778 square feet. These spaces are ideal for small businesses and as incubator space for start ups and non profits. The property has local ownership that is experienced in making deals and keeping tenants happy. The location allows for easy access to both the 580 and 880 freeways and is on one of the main traffic areas through San Leandro providing for excellent exposure. There is also ample free parking on site.
For more information on available suites or for help with your requirement please contact Dave at (510)903-7601 or Ben at (510)903-7606.
Oakland Office Space For Under $1 Per SF?
It is true! Companies can now lease Class B office space in the Oakland Airport submarket for under $1 per square foot. The new owners of 7700 Edgewater Dr , Polidev International, have brought Ben and me on as the leasing agents and have started a new program to fill the property quickly. Under the current promotion we are leasing suites over 1,000 square feet on an as is basis for only $.99 per square foot fully serviced.
For those of you not familiar with real estate speak a full service lease includes all utilities etc in the lease rate so you can lease a 1,000 square foot suite for only $990 per month. We have suites ranging from 357 square feet up to as much as 30,000 square feet. This unique opportunity undercuts the market for office space in the Oakland metro area while offering local businesses and non profits the chance to significantly cut overhead costs.
You might be asking how they can offer such low rates and the simple answer is that they bought the property in a distressed situation. Because Polidev got such a great price they are able to pass the deal along to tenants. For more information or to tour the property please contact Ben Jones at (510)903-7606 or Dave McCarty at (510)903-7601.
Five Reasons To (Re)Locate Your Business In Oakland
1. Location: Oakland’s location is central for most of the Bay Area cutting down on commute times for employees.
2. Transportation: Oakland has great access to BART, freeways, ferry, rail, port, and airport facilities. Our office at City Center (spaces are available) has the 12th St/City Center BART station directly in front of the building entrance. It doesn’t get any easier than that. We can be at appointments in San Francisco inside of 20 minutes.
3. Cheap Lease Rates and Sale Prices: Oakland’s lease rates and sale prices are at least 25% cheaper than those for comparable spaces in San Francisco. Class A office space can be leased at City Center for as little as $2.50 per square foot per month fully serviced. Good Class B space can be leased in the Jack London Square and Oakland Airport sub-markets for as little as $1.25 per square foot per month fully serviced. Office condos and buildings can be purchased for as little as $120 per square foot.
4. Amenities: As the revitalization of Oakland continues we are seeing more and better amenities. Top notch restaurateurs are opening new eateries in the hots spots of Jack London Square and Uptown. Many of these restaurants include Pican and Ozuma in Uptown as well as Bocanova, Miss Pearl’s Jam House, and old standby Yoshi’s in Jack London Square. Lake Merritt is only a short walk away from City Center and now has the popular Lake Chalet Seafood Bar & Grill.
5. Enterprise Zones: Large parts of Oakland lie within the boundaries of Enterprise Zones. Businesses located within these areas can receive tax credits, employee hiring credits, and many more benefits. When factored in with the cheaper rent here in the East Bay these credits can really bring down the cost to occupy a space and should be factored into any location decision.
For more information contact Dave (510)903-7601 or Ben (510)903-7606.
