The typical asking rate per listing is in the $20's per square foot per year. The Newark region is seeing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Newark Metro market, the Newark submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 31 listings have been posted online, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 3% of the available leases in the Newark 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 posted, so finding a space for a small business might be tough.
Even though the median size is 24,690 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 5 stories. Most buildings in this region were built in 1971 and are Class A.