On average, listings lease in the $20's per square foot per year. The Elizabeth region is seeing a a rise in rates. In the last 3 months, the median rate increased $25 per sqft per year.
In the last 90 days, 10 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 70% of the office spaces in the Elizabeth are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,600 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this region were built in 1982 and are Class B.