The typical asking rate per listing is in the $10's per square foot per year. The Franklin Lakes region is experiencing a decline in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 44% decline in rent.
In the last 90 days, 0 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the listings in the Franklin Lakes are subleases, so you might be able to find a shorter term or below market rent. 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 30,420 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area were built in 1983 and are Class A.