Most listings are in the $10's per square foot per year. The South Orange submarket is seeing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 27% decrease in rent.
In the last 90 days, 3 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 8,710 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this area were built in 1960 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst South Orange residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.