Paterson Office Space

Paterson

Office Space Market Report

Number of Listings (last 90 days)
23
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
8,000
As of: June 27, 2017

Paterson Rates

The typical asking rate per listing is in the $10's per square foot per year. The Paterson submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $20 per sqft per year.

Paterson Listing Supply

In the last 90 days, 23 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 26% of the available leases in the Paterson 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 posted, so finding a space for a small business might be tough.

Even though the median size is 8,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this area were built in 1994 and are Class A.

Paterson Community

Market Report

Trends and status of the commercial real estate market in Paterson.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Paterson.
Research

Paterson Submarkets