On average, listings lease in the $30's per square foot per year. The Secaucus region is seeing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 14% decrease in rent.
In the last 90 days, 20 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 80% of the available leases in the Secaucus 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 4,750 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 4 stories. Most buildings in this area were built in 1981 and are Class B.