On average, listings lease in the $10's per square foot per year. The Paterson submarket is going through a a boost in rates. In the last 3 months, the median rate rose $20 per sqft per year.
In the last 90 days, 97 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the available leases in the Paterson are subleases, so you will probably have to consider a longer term 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 8,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 3 floors. Most buildings in this market were built in 1988 and are Class A.
Real time and historical data on commercial real estate listings in Paterson.
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