The typical asking rate per listing is in the $10's per square foot per year. The Franklin Lakes submarket is seeing a decline in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 44% decline in rent.
In the last 90 days, 0 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the listings in the Franklin Lakes are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 30,420 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market were built in 1983 and are Class A.