Most listings are in the $10's per square foot per year. The Downtown Paterson submarket is going through a a boost in rates. In the last 3 months, the median rate went up $19 per sqft per year. That's a Inf% increase in rent.
In the last 90 days, 1 listings have been listed, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,100 sqft. Most properties in this market are close to 7 stories. Most buildings in this area were built in 1904 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Paterson residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.