Newark Medical Space For Sale

Newark

Market Report

Number of Listings For Sale
Posted in the last 90 days
4
Median Size (sqft)
550

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

The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. The Newark submarket is experiencing a decrease in rates. In the last 3 months, the median rate for lease decreased $13 per sqft per year.

Compared to the rest of the Essex County commercial real estate market, the Newark submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.

Newark Listing Supply

In the last 90 days, 612 commercial real estate listings have been listed, 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 need to consider the implications of signing a direct lease with the building. 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 550 sqft. Most buildings in this area are around 4 stories. Most buildings in this market were built around 1971 and are Class A.

Newark Community

Market Data

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