The typical asking rate per listing is in the $60's per square foot per year. The Hayward Park region is experiencing a a rise in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 10% rise in rent.
Compared to the rest of the Silicon Valley market, the Hayward Park submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 30 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 53% of the available space 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,970 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 5 floors. Most buildings in this market were built in 1975 and are Class B.
A large portion of this region is residential, but there's plenty of 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 occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.