Newark Retail

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 21, 2017

Newark Rates

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

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

Newark Listing Supply

In the last 90 days, 24 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 29% of the listings in the Newark are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,860 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 1 floors. Most buildings in this area were built in 1996 and are Class A.

Newark Community

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