The typical asking rate per listing is in the $30's per square foot per year. The Roseland region is experiencing a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Essex County market, the Roseland region has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 90 listings have been made available, so you'll want to check back regularly for new listings. About 20% of the available leases in the Roseland are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,660 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 4 stories. Most buildings in this region were built in 1983 and are Class A.
Real time and historical data on commercial real estate listings in Roseland.
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