The typical asking rate per listing is in the $0's per square foot per year. The Ridgewood submarket is going through a decline in rates. In the last 3 months, the median rate decreased $50 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 20 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. 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 2,950 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 2 floors. Most buildings in this market were built in 1954 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Ridgewood folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.