On average, listings lease in the $10's per square foot per year. The Newark submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $40 per sqft per year. That's a 71% decrease in rent.
In the last 90 days, 33 listings have been listed, which means leases might be 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.
The standard measurement for office space in this area is around 1,500 sqft. Most properties in this market are approximately 1 stories. Most buildings in this area were built in 1983 and are Class C.