Downtown Paterson Office Space

Downtown Paterson

Office Space Market Report

Number of Listings (last 90 days)
19
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,890
As of: February 21, 2017

Downtown Paterson Rates

The typical asking rate per listing is in the $10's per square foot per year. The Downtown Paterson region is going through a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 5% rise in rent.

Downtown Paterson Listing Supply

In the last 90 days, 18 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,070 sqft. Most properties in this market are approximately 7 floors. Most buildings in this region were built in 1904 and are Class A.

Downtown Paterson Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Paterson occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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

Paterson Submarkets