On average, listings lease in the $10's per square foot per year. The Paterson submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 25% decline in rent.
In the last 90 days, 23 listings have been listed, which means 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,890 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this region were built in 1970 and are Class A.