Newark Industrial

Need Help Finding Space?
Equity 3 Realty
I represent tenants and can
help you go see this space.

Newark

Market Report

Number of Listings
Posted in the last 90 days
1
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
10,390

Newark Rates

On average, listings lease in the $40's per square foot per year. The Newark submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 6% decrease in rent.

Compared to the rest of the Essex County market, the Newark submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Newark Listing Supply

In the last 90 days, 612 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the listings in the Newark 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 10,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 4 floors. Most buildings in this area were built in 1971 and are Class A.

Newark Community

Market Data

Real time and historical data on commercial real estate listings in Newark.
Research