The typical asking rate per listing is in the $30's per square foot per year. The South Orange region is experiencing a a boost in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 33% rise in rent.
In the last 90 days, 43 listings have been made available, so you'll want to check back regularly for new listings. About 12% of the available leases in the South Orange are subleases, so you might be able to find a shorter term or below market rent. 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 3,990 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this area were built in 1960 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst South Orange occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in South Orange.
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