The typical asking rate per listing is in the $20's per square foot per year. The Oradell submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 10% decrease in rent.
In the last 90 days, 21 listings have been listed, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 29% of the available space in the Oradell are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 1,580 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this market were built in 1979 and are Class C.
Real time and historical data on commercial real estate listings in Oradell.
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