On average, listings lease in the $10's per square foot per year. The Newark submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $0 per sqft per year. That's a 2% rise in rent.
In the last 90 days, 94 listings have been posted online, so you'll want to check back regularly for new listings. About 12% of the office spaces 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.
The standard measurement for office space in this area is around 2,350 sqft. Most properties in this region are around 1 floors. Most buildings in this market were built in 1977 and are Class C.
Real time and historical data on commercial real estate listings in Newark.
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