Compared to the rest of the Essex County market, the Newark Central Business District region has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 28 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 4% of the office spaces in the Newark Central Business District are subleases, so you will probably have to consider a longer term lease. 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 7,810 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 15 stories. Most buildings in this region were built in 1967 and are Class A.
Finance and insurance are the dominant industries in this market. Most of the residents of Newark Central Business District work from home. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.