On average, listings lease in the $20's per square foot per year. The Morris County submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 6% decrease in rent.
In the last 90 days, 297 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the available space in the Morris County are subleases, so you will probably have to consider a longer term 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.
The standard measurement for office space in this area is around 440 sqft. Most buildings in this area are close to 3 stories. Most buildings in this area were built in 1984 and are Class A.