Newark For Sale

Newark

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$31
Median Size (sqft)
6,970
As of: March 12, 2017

Newark Rates

Most listings are in the $30's per square foot per year. The Newark region is experiencing a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 12% rise in rent.

Compared to the rest of the Newark Metro market, the Newark submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.

Newark Listing Supply

In the last 90 days, 29 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 10% of the listings in the Newark are subleases, so you might be able to find a shorter term or below market rent. 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 6,970 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 5 stories. Most buildings in this region were built in 1971 and are Class A.

Newark Community

Market Report

Trends and status of the commercial real estate market in Newark.
Market Report

Market Data

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