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The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. The Newark submarket is going through a decline in rates. In the last 3 months, the median rate for lease fell $9 per sqft per year.
Compared to the rest of the East Bay commercial real estate market, the Newark submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 157 commercial real estate listings have been posted online, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard size for office space in this area is around 230 sqft. Most properties in this market are close to 1 stories. Most buildings in this region were built approximately 1996 and are Class A.
Real time and historical data on commercial real estate listings in Newark.
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