Newark Metro Office Space

Newark Metro

Office Space Market Report

Number of Listings (last 90 days)
110
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
3,380
As of: February 20, 2017

Newark Metro Rates

The typical asking rate per listing is in the $30's per square foot per year. The Newark Metro submarket is going through a an increase in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 17% increase in rent.

Newark Metro Listing Supply

In the last 90 days, 109 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the available space in the Newark Metro are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,380 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this area were built in 1976 and are Class A.

Newark Metro Community

Market Report

Trends and status of the commercial real estate market in Newark Metro.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Newark Metro.
Research