Most listings are in the $10's per square foot per year. The Newark submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 6% decrease in rent.
In the last 90 days, 94 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the available leases in the Newark are subleases, so you will probably have to consider a longer term lease. 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 measurement for office space in this area is around 2,350 sqft. Most properties in this region are around 1 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 Newark.
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