The typical asking rate per listing is in the $10's per square foot per year. The Downtown Newark region is going through a an increase in rates. In the last 3 months, the median rate went up $17 per sqft per year. That's a Inf% increase in rent.
In the last 90 days, 9 listings have been posted online, which means spaces are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 320 sqft. Most properties in this market are close to 3 floors. Most buildings in this region were built in 1962 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Newark residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.