On average, listings lease in the $0's per square foot per year. The Ridgewood submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $51 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 5 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 5,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 2 stories. Most buildings in this area were built in 1954 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Ridgewood folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.