On average, listings lease in the $20's per square foot per year. The Newark region is going through a decline in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 36% decrease in rent.
Compared to the rest of the Newark Metro market, the Newark region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 54 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the available space in the Newark are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 24,690 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 5 stories. Most buildings in this region were built in 1971 and are Class A.