On average, listings lease in the $20's per square foot per year. The Rutherford region is experiencing a decrease in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 1% decrease in rent.
In the last 90 days, 6 listings have been posted online, which means office spaces 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,560 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 12 floors. Most buildings in this market were built in 1982 and are Class A.