Newark Industrial

Newark

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$14
Median Size (sqft)
1,250
As of: August 17, 2017

Newark Rates

Most listings are in the $10's per square foot per year. The Newark submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 29% decline in rent.

Newark Listing Supply

In the last 90 days, 2 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available leases 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,250 sqft. Most buildings in this region are close to 1 floors. Most buildings in this region were built in 1990 and are Class B.

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