Newark Retail

Newark

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$31
Median Size (sqft)
1,860
As of: January 17, 2017

Newark Rates

Most listings are in the $30's per square foot per year. The Newark submarket is going through a an increase in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 36% increase 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.

Newark Listing Supply

In the last 90 days, 18 listings have been listed, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,860 sqft. Most properties in this market are close to 1 floors. Most buildings in this region were built in 1998 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 close to 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