Compared to the rest of the Newark Metro market, the Newark Central Business District region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 28 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the office spaces in the Newark Central Business District are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 7,810 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 15 floors. Most buildings in this area were built in 1967 and are Class A.
Finance and insurance are the dominant industries in this region. Most of the residents of Newark Central Business District work from home. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.