The typical asking rate per listing is in the $10's per square foot per year. The Franklin Lakes region is seeing a a boost in rates. In the last 3 months, the median rate increased $15 per sqft per year.
In the last 90 days, 23 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 22% of the available leases in the Franklin Lakes 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 30,420 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region were built in 1983 and are Class A.
Real time and historical data on commercial real estate listings in Franklin Lakes.
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