On average, listings lease in the $20's per square foot per year. The Elizabeth submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 28% increase in rent.
In the last 90 days, 10 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 30% of the available leases in the Elizabeth 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 1,000 sqft. Most properties in this region are approximately 3 stories. Most buildings in this region were built in 1982 and are Class B.