Most listings are in the $30's per square foot per year. The Roseland region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 13% decrease in rent.
Compared to the rest of the Newark Metro market, the Roseland region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 4 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 25% of the available leases in the Roseland are subleases, so you might be able to find a shorter term or below market rent. 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 6,667 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 4 floors. Most buildings in this market were built in 1983 and are Class A.