On average, listings lease in the $60's per square foot per year. The Hayward Park submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Silicon Valley market, the Hayward Park region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 15 listings have come on the market, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 27% of the listings in the Hayward Park are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,120 sqft. Most buildings in this area are approximately 4 stories. Most buildings in this region were built in 1975 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Hayward Park occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.