Most listings are in the $0's per square foot per year. The Newark Central Business District submarket is going through a decline in rates. In the last 3 months, the median rate fell $31 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 28 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. 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 sqft. Most buildings in this market are close to 15 stories. Most buildings in this market were built in 1967 and are Class A.
Finance and insurance are the dominant industries in this region. Most of the occupants of Newark Central Business District work from home. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.