On average, listings lease in the $40's per square foot per year. The Newark region is experiencing a a rise in rates. In the last 3 months, the median rate rose $30 per sqft per year. That's a 213% increase in rent.
In the last 90 days, 30 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 20% of the available space in the Newark are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 10,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 1 stories. Most buildings in this region were built in 1990 and are Class B.
Real time and historical data on commercial real estate listings in Newark.
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