On average, listings lease in the $0's per square foot per year. The Downtown Paterson region is seeing a decrease in rates. In the last 3 months, the median rate decreased $20 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 19 listings have been listed, which means leases most likley are 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 sqft. Most buildings in this area are close to 7 stories. Most buildings in this region were built in 1994 and are Class A.
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 area. Commute by walking is the most popular way to get to work amongst Downtown Paterson residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.