On average, listings lease in the $20's per square foot per year. The Newark Metro submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decrease in rent.
In the last 90 days, 81 listings have been listed, so you'll want to check back regularly for new listings. About 4% of the available space in the Newark Metro are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 6,340 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this market were built in 1975 and are Class A.