The typical asking rate per listing is in the $40's per square foot per year. The Morristown submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $42 per sqft per year.
In the last 90 days, 16 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 19% of the available leases in the Morristown 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 4,770 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this market were built in 1976 and are Class A.