Newark Retail

Newark

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
18,000
As of: June 23, 2017

Newark Rates

The typical asking rate per listing is in the $10's per square foot per year. The Newark region is experiencing a a rise in rates. In the last 3 months, the median rate increased $19 per sqft per year.

Newark Listing Supply

In the last 90 days, 2 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 200% of the available leases in the Newark are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 18,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 1 floors. Most buildings in this market were built in 1990 and are Class B.

Newark Community

Market Report

Trends and status of the commercial real estate market in Newark.
Market Report

Market Data

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