On average, listings lease in the $50's per square foot per year. The Hayward Park region is seeing 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 have to negotiate above asking rent to be in this hot region.
In the last 90 days, 30 listings have been listed, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 33% of the listings in the Hayward Park 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,740 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 5 stories. 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 area. 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.