On average, listings lease in the $30's per square foot per year. The Castro Valley region is experiencing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 12% decline in rent.
Compared to the rest of the East Bay market, the Castro Valley region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 49 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the available leases in the Castro Valley are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 360 sqft. Most buildings in this region are approximately 1 stories. Most buildings in this area were built in 1982.
Real time and historical data on commercial real estate listings in Castro Valley.
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