Newark Commercial Real Estate For Lease

Newark

Market Report

Number of Listings For Lease
Posted in the last 90 days
23
Median Rate ($/sqft/yr)
$45
Median Size (sqft)
500

Newark Commercial Real Estate

Find Newark commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Find a Newark commercial real estate broker in Newark's Top Broker Directory. Learn about Newark commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Newark Rates

Most commerial real estate listings for lease are in the $40's per square foot per year. The Newark region is seeing a an increase in rates. In the last 3 months, the median rate for lease went up $17 per sqft per year. That's a 62% increase in rent.

Compared to the rest of the Essex County commercial real estate market, the Newark submarket has greater rates for rent, and you may have to negotiate above asking rent to be in this hot region.

Newark Listing Supply

In the last 90 days, 612 commercial real estate listings have been posted online, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate leases in the Newark are subleases, so you will probably have to focus your search on direct leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard size for office space in this area is around 10,000 sqft. Most buildings in this market are approximately 4 stories. Most buildings in this area were built close to 1971 and are Class A.

Newark Community

Market Data

Real time and historical data on commercial real estate listings in Newark.
Research