Newark Industrial

Newark

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$44
Median Size (sqft)
180
As of: March 12, 2017

Newark Rates

On average, listings lease in the $40's per square foot per year. The Newark region is going through a an increase in rates. In the last 3 months, the median rate rose $9 per sqft per year. That's a 27% rise in rent.

Compared to the rest of the East Bay market, the Newark region has more expensive rates, and you'll need to pay a premium to be in this hot region.

Newark Listing Supply

In the last 90 days, 24 listings have been listed, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 4% of the available space in the Newark are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 180 sqft. Most properties in this market are approximately 1 stories. Most buildings in this area were built in 1996 and are Class A.

Newark Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Company management is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Newark residents. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Newark.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Newark.
Research

Newark Submarkets