Newark Industrial

Newark

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
2,350
As of: July 25, 2017

Newark Rates

Most listings are in the $40's per square foot per year. The Newark submarket is seeing a decline in rates. In the last 3 months, the median rate fell $13 per sqft per year. That's a 24% decrease in rent.

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

Newark Listing Supply

In the last 90 days, 24 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 29% of the available leases in the Newark are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,350 sqft. Most properties in this market are close to 1 floors. Most buildings in this market 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 market. Commute by public transit is the most popular way to get to work amongst Newark occupants. Commuting approximately 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