On average, listings lease in the $10's per square foot per year. The Elizabeth submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 38% decrease in rent.
In the last 90 days, 10 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 2,600 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this region were built in 1982 and are Class B.