On average, listings lease in the $30's per square foot per year. The Long Hill submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $30 per sqft per year.
In the last 90 days, 25 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 4% of the listings in the Long Hill are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 34,240 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this region 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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