Newark Central Business District Industrial

We couldn't find any industrial spaces for Lease and Sublease

Newark Central Business District

Office Space Market Report

Number of Listings (last 90 days)
28
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
23,880
As of: June 24, 2017

Newark Central Business District Rates

Most listings are in the $40's per square foot per year. The Newark Central Business District region is experiencing a a boost in rates. In the last 3 months, the median rate went up $43 per sqft per year.

Compared to the rest of the Essex County market, the Newark Central Business District region has higher rates, and you'll need to pay a premium to be in this hot region.

Newark Central Business District Listing Supply

In the last 90 days, 28 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 96% of the available space in the Newark Central Business District 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 available, so finding a space for a small business might be tough.

Even though the median size is 30,000 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 15 floors. Most buildings in this market were built in 1967 and are Class A.

Newark Central Business District Community

Finance and insurance are the dominant industries in this market. Most of the folk of Newark Central Business District work from home. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Newark Central Business District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Newark Central Business District.
Research