The typical asking rate per listing is in the $20's per square foot per year. The Newark region is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Newark Metro market, the Newark submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 36 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 3% of the office spaces in the Newark are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 new availabilities below 2,000 sqft. Most properties in this region are close to 5 stories. Most buildings in this region were built in 1971 and are Class A.