Newark Metro Industrial

Newark Metro

Office Space Market Report

Number of Listings (last 90 days)
58
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
2,710
As of: January 19, 2017

Newark Metro Rates

The typical asking rate per listing is in the $20's per square foot per year. The Newark Metro region is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 17% decline in rent.

Newark Metro Listing Supply

In the last 90 days, 60 listings have come on the market, so you'll want to check back regularly for new listings. About 8% of the available leases in the Newark Metro are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,210 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this area were built in 1975 and are Class A.

Newark Metro Community

Market Report

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

Market Data

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