South Orange Industrial

South Orange

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$15
Median Size (sqft)
8,710
As of: March 1, 2017

South Orange Rates

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.

South Orange Listing Supply

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.

South Orange Community

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.

Market Report

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

Market Data

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