The typical asking rate per listing is in the $40's per square foot per year. The Morristown submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 6% increase in rent.
In the last 90 days, 16 listings have been made available, 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,350 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this market were built in 1979 and are Class A.