Most listings are in the $30's per square foot per year. The Newark submarket is going through a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the East Bay market, the Newark submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 157 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available space in the Newark are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 45,350 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 1 floors. Most buildings in this market were built in 1996 and are Class A.
Real time and historical data on commercial real estate listings in Newark.
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