Downtown Newark Retail

Downtown Newark

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
300
As of: June 23, 2017

Downtown Newark Rates

On average, listings lease in the $10's per square foot per year. The Downtown Newark submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $17 per sqft per year.

Downtown Newark Listing Supply

In the last 90 days, 14 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 86% of the available space in the Downtown Newark are subleases, so you might be able to snag a great spot on a short term. 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 320 sqft. Most properties in this market are approximately 2 floors. Most buildings in this area were built in 1984 and are Class C.

Downtown Newark Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Newark occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown Newark.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Newark.
Research

Newark Submarkets