On average, listings lease in the $20's per square foot per year. The Newark region is experiencing a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 28% decrease in rent.
Compared to the rest of the East Bay market, the Newark region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 12 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 2,080 sqft. Most buildings in this market are around 1 stories. Most buildings in this region were built in 1998 and are Class A.