The typical asking rate per listing is in the $30's per square foot per year. The Roseland region is going through a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 13% decrease in rent.
Compared to the rest of the Newark Metro market, the Roseland region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 4 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 7,280 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 4 floors. Most buildings in this market were built in 1983 and are Class A.