The typical asking rate per listing is in the $20's per square foot per year. The Paramus region is experiencing a decline in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 28% decline in rent.
In the last 90 days, 160 listings have come on the market, so you'll want to check back regularly for new listings. About 6% of the listings in the Paramus are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 7,270 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are approximately 4 stories. Most buildings in this market were built in 1983 and are Class A.
Real time and historical data on commercial real estate listings in Paramus.
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