Balentine Office Park
Price
Price on request
Square Feet
115,611
Property Details
Lease Details
Market Context
This office in Newark, CA is listed for lease across 115,611 SF. The building dates to 1985. It has been on the market for 64 days.
As of Q1 2025, the New Jersey office market showed a 20.5% vacancy rate, average asking rents near $33.00/SF/yr, and rents up 4.1% year over year. Source: multiple brokerages Q1 2025 market report.
Projected current pricing
indicative confidenceModeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for New Jersey office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2026 asking-rent data (benchmark cap rate 6.6%–8.6%, asking rent trend-adjusted to today).
Rising rents point to a competitive market where well-priced, well-located space leases quickly.
Compare it against other office listings for lease in Newark, CA to benchmark pricing and space — view the full market.
Office market FAQ
- Is the New Jersey office market tightening or softening?
- Vacancy is around 20.5%, with asking rents rising year over year (Q1 2025).
Unified Estimate
Medium ConfidenceRate estimator only; cost-of-business estimate unavailable.
Lease Rate & Market Trend
Market report quarterly trend fallback
- Avg Rent ($/SF/mo) (market data)
- Vacancy %
Investment Analysis
Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.
Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.
Market Employment Trend
December 2025 • Source: BLS QCEW
Economic Indicators
Source: FRED
Market Demographics
Census ACS 20242024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau
Assumptions
- Market comparison: office in newark, CA
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Contact Broker
Scott Dever
Walt Stephenson
Listed by
Cushman & Wakefield