Newark Metro Industrial

Newark Metro

Office Space Market Report

Number of Listings (last 90 days)
84
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
5,500
As of: December 2, 2016

Newark Metro Rates

On average, listings lease in the $20's per square foot per year. The Newark Metro submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.

Newark Metro Listing Supply

In the last 90 days, 81 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the available space in the Newark Metro are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 6,340 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this market 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