The typical asking rate per listing is in the $10's per square foot per year. The Paterson submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 25% decrease in rent.
In the last 90 days, 23 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,890 sqft. Most properties in this market are around 3 floors. Most buildings in this market were built in 1970 and are Class A.