On average, listings lease in the $10's per square foot per year. The Franklin Lakes region is seeing a decline in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 44% decrease in rent.
In the last 90 days, 0 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the available leases in the Franklin Lakes are subleases, so you might be able to snag a great spot on a short term. 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 listings below 2,000 sqft. Most buildings in this region were built in 1983 and are Class A.