Newark Industrial

Newark

Office Space Market Report

Number of Listings (last 90 days)
23
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
1,900
As of: February 22, 2017

Newark Rates

On average, listings lease in the $30's per square foot per year. The Newark submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $15 per sqft per year. That's a 73% increase in rent.

Compared to the rest of the East Bay market, the Newark region has lower rates, so you should have no trouble finding a great deal in this discounted region.

Newark Listing Supply

In the last 90 days, 23 listings have come on the market, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the office spaces in the Newark 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,900 sqft. Most buildings in this area are approximately 1 stories. Most buildings in this region 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 occupants. 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