On average, listings lease in the $20's per square foot per year. The Newark submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% 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.
In the last 90 days, 12 listings have been listed, which means spaces might be leasing quickly. 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 2,080 sqft. Most properties in this market are around 1 floors. Most buildings in this region were built in 1998 and are Class A.
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 residents. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.