On average, listings lease in the $50's per square foot per year. The Ridgewood submarket is going through a an increase in rates. In the last 3 months, the median rate increased $53 per sqft per year.
In the last 90 days, 28 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 7% of the office spaces in the Ridgewood are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,500 sqft. Most properties in this area are approximately 2 stories. Most buildings in this region were built in 1945 and are Class A.
Real time and historical data on commercial real estate listings in Ridgewood.
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