On average, listings lease in the $60's per square foot per year. The Hayward Park submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $63 per sqft per year.
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 77% of the available leases 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.
The standard measurement for office space in this area is around 1,710 sqft. Most buildings in this market are close to 5 stories. Most buildings in this market were built in 1975 and are Class B.
A large portion of this market 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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.