Most listings are in the $30's per square foot per year. The Elizabeth region is seeing a a rise in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 25% rise in rent.
In the last 90 days, 10 listings have been posted online, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 80% of the listings in the Elizabeth are subleases, so you might be able to find a shorter term or below market rent. 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 1,120 sqft. Most properties in this market are approximately 3 stories. Most buildings in this market were built in 1982 and are Class B.