The typical asking rate per listing is in the $20's per square foot per year. The Red Bank submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $29 per sqft per year.
In the last 90 days, 20 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 35% of the available space in the Red Bank 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 8,880 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this market were built in 1983 and are Class A.