Newark Retail


Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 22, 2016

Newark Rates

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.

Newark Listing Supply

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.

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.