The typical asking rate per listing is in the $20's per square foot per year. The Montvale submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 8% decline in rent.
In the last 90 days, 11 listings have been posted online, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 45% of the listings in the Montvale are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,910 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this market were built in 1980 and are Class A.