On average, listings lease in the $50's per square foot per year. The Hayward Park submarket is going through a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 11% decrease in rent.
Compared to the rest of the Silicon Valley market, the Hayward Park region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 31 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 26% of the available leases in the Hayward Park 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,960 sqft. Most properties in this market are around 5 floors. Most buildings in this market were built in 1985 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Hayward Park residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.