Morristown Sublease

Morristown

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$42
Median Size (sqft)
6,900
As of: July 23, 2017

Morristown Rates

Most listings are in the $40's per square foot per year. The Morristown submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 6% decrease in rent.

Morristown Listing Supply

In the last 90 days, 16 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 25% of the available space in the Morristown are subleases, so you might be able to find a shorter term or below market rent. 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 6,900 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 3 stories. Most buildings in this area were built in 1976 and are Class A.

Morristown Community

Market Report

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

Market Data

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