Downtown Newark Sublease

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Downtown Newark

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
300
As of: June 25, 2017

Downtown Newark Rates

On average, listings lease in the $10's per square foot per year. The Downtown Newark submarket is going through a a rise in rates. In the last 3 months, the median rate went up $17 per sqft per year.

Downtown Newark Listing Supply

In the last 90 days, 14 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 79% of the available space in the Downtown Newark are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 300 sqft. Most properties in this area are close to 2 stories. Most buildings in this market were built in 1984 and are Class C.

Downtown Newark Community

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 market. Commute by car is the most popular way to get to work amongst Downtown Newark folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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

Newark Submarkets