The typical asking rate per listing is in the $0's per square foot per year. The Downtown Paterson region is seeing a decrease in rates. In the last 3 months, the median rate decreased $19 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 0 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About NaN% of the office spaces in the Downtown Paterson are subleases, so you will probably have to consider a longer term lease. 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 properties in this market are close to 7 floors. Most buildings in this region were built in 1904 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Paterson occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.