On average, listings lease in the $30's per square foot per year. The Long Hill submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $30 per sqft per year.
In the last 90 days, 25 listings have been listed, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the available leases in the Long Hill are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 34,240 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 2 stories. Most buildings in this area were built in 1987 and are Class A.
Real time and historical data on commercial real estate listings in Long Hill.
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