Newark Retail

Newark

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$39
Median Size (sqft)
1,810
As of: June 22, 2017

Newark Rates

Most listings are in the $30's per square foot per year. The Newark region is going through a a rise in rates. In the last 3 months, the median rate increased $39 per sqft per year.

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 discounted submarket.

Newark Listing Supply

In the last 90 days, 24 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,700 sqft. Most buildings in this market are approximately 1 floors. Most buildings in this area 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 area. Commute by public transit is the most popular way to get to work amongst Newark residents. 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