Most listings are in the $0's per square foot per year. The Downtown Elizabeth region is seeing a decline in rates. In the last 3 months, the median rate decreased $25 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 5 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 7,700 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this area were built in 1971 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Public administration is the dominant industry in this market. Most of the residents of Downtown Elizabeth work from home. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.