The typical asking rate per listing is in the $20's per square foot per year. The Oradell region is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 10% decrease in rent.
In the last 90 days, 21 listings have come on the market, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 29% of the available space in the Oradell are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,580 sqft. Most buildings in this market are close to 3 stories. Most buildings in this market were built in 1979 and are Class C.
Real time and historical data on commercial real estate listings in Oradell.
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