Downtown Newark Office Space

Downtown Newark

Office Space Market Report

Number of Listings (last 90 days)
3
Median Size (sqft)
1,100
As of: December 2, 2016

Downtown Newark Rates

On average, listings lease in the $0's per square foot per year. The Downtown Newark region is going through a decrease in rates. In the last 3 months, the median rate fell $17 per sqft per year. That's a 100% decline in rent.

Downtown Newark Listing Supply

In the last 90 days, 3 listings have been posted online, which means office spaces might be 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,100 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this area were built in 1962 and are Class C.

Downtown Newark Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Newark occupants. Commuting between 30 and 45 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 Newark.
Market Report

Market Data

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

Newark Submarkets