South Orange Office Space

South Orange

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$15
Median Size (sqft)
8,710
As of: February 23, 2017

South Orange Rates

On average, listings lease in the $10's per square foot per year. The South Orange region is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 27% decline in rent.

South Orange Listing Supply

In the last 90 days, 3 listings have been posted online, 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.

Even though the median size is 8,710 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this region were built in 1960 and are Class A.

South Orange Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst South Orange occupants. Commuting between 30 and 45 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 South Orange.
Market Report

Market Data

Real time and historical data on commercial real estate listings in South Orange.
Research