On average, listings lease in the $30's per square foot per year. The Newark region is seeing a an increase in rates. In the last 3 months, the median rate rose $15 per sqft per year. That's a 73% increase in rent.
Compared to the rest of the East Bay market, the Newark region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 23 listings have been listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 4% of the available space in the Newark are subleases, so you will probably have to focus your search on direct office leases. 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 1,900 sqft. Most properties in this market are close to 1 stories. Most buildings in this market were built in 1996 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 area. Commute by public transit is the most popular way to get to work amongst Newark folk. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.