The typical asking rate per listing is in the $30's per square foot per year. The Elizabeth submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $6 per sqft per year. That's a 25% rise in rent.
In the last 90 days, 73 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the listings in the Elizabeth are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,120 sqft. Most properties in this area are around 3 stories. Most buildings in this market were built in 1982 and are Class B.
Real time and historical data on commercial real estate listings in Elizabeth.
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