Newark Central Business District Industrial

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Newark Central Business District

Market Report

Number of Listings
Posted in the last 90 days
51
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
10,390

Compared to the rest of the Essex County market, the Newark Central Business District submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.

Newark Central Business District Listing Supply

In the last 90 days, 521 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the available leases in the Newark Central Business District 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 10,390 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 15 stories. Most buildings in this region were built in 1967 and are Class A.

Newark Central Business District Community

Finance and insurance are the dominant industries in this market. Most of the residents of Newark Central Business District work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

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