Commercial Properties:

The greater Newark area has been working towards greater commercial real estate development to help grow business, and create a more vibrant city. The Department of Economic and Housing Development has been making serious moves to create opportunities despite the national strains. The area has a lot of office space for entrepreneurs to explore. Newark New Jersey commercial office space rates are in line with many larger cities in the nation. A recent survey of office vacancies yielded many different results priced around $400 a month for small spaces and $1 - $2 a square foot for 1,000 square feet of space. Whether you’re looking for retail space, storage spaces, or warehouses, the area has a lot of different opportunities to explore. Once you start your search for the ideal commercial property to rent in Newark, you will see that there are literally thousands of options - no matter what your price range. Your best bet is to work with a tenant rep or office broker that can do most of the leg work for Free. Some of the local districts that we service are: Bridgewater, Cherry Hill, Jersey City, Marlton, Morris Town, Parsippany, Red Bank and Princeton. We also work with agents and commercial listings in New York, Hartford, Boston, Providence, and New Hampshire.

Office Building Amenities:

For most businesses that have between 1 and 5o employees - it can be risky to rent a commercial office property in New Jersey. Any business owner must decide what amenities their staff are going to need in order to run their company (medical office, cpa, bank, insurance office, mortgage, etc.) efficiently. We have put together a list of amenities that most office buildings usually offer. Reception Services, Admin / Secretarial Support, Kitchen Facilities, Service Elevators, Furnished Options, Virtual offices, 24 Hour Access. Just remember that the more amenities you ask for, the more $ you will have to spend - so a bottom end office suite could rent for just $300 a month, but when you add on all the extras suddenly you could be looking at closer to $500 or $600.

Newark Economy - Jobs:

The largest city in the state of New Jersey is Newark. The city is sometimes known as The Brick City. The city center has an estimated population of 278,980 and a greater metropolitan estimated population of around 18 million residents. It is a major economical center for the state and is roughly 8 miles west of Manhattan, New York. The area has a deep history that goes far back into the history of the United States, and was originally formed in 1693. The economy of greater Newark area is diverse. Even though a large portion of the city travels to Manhattan during the day for work, the area still has a great deal of options. The area is home to nearly 300 different types of business, and several retail, wholesale, and major bank headquarters, as well as several insurance centers. Some of the larger companies in the area include Prudential Financial, Mutual Benefit Life, New Jersey Transit, Horizon Blue Cross and Blue Shield, Anheuser-Busch brewery, and many other options for job seekers to look for. Despite the great deal of diverse options for employment the area has an unemployment rate of around 14%, which is higher than the national average. Analysts are looking forward to the changing landscape of employment, which remains relatively positive, as the national picture starts to take better shape. As the economy slowly recovers in 2010, national economists expect the New Jersey commercial property sector (for sale, lease, or rent) to recover simultaneously.

Weather:

The climate of Newark is relatively similar to other areas on the East Coast. The climate is classified as humid subtropical and can have some extreme weather in the winter and summer months. The summer months yield high heat and humidity while the winter months can bring below freezing temperatures with lots of snowfall. Even though it can get cold and it snows, the area gets less snow than many Midwest areas.

Newark Housing Prices:

The median home price and real estate market in the area is interesting to note. The real estate market has not been immune to the recent downturn in the national economic picture. The median home price of Newark is roughly $200,000 and has been improving in recent months. Economists are relatively optimistic about the growth potential and forecast. Our real estate articles offer a lot more information on Newark and most major cities. Newark’s political scene came into the national picture with a documentary film called “Street Fight” that highlighted the corrupt nature of the area’s mayoral office and campaign. He would eventually get elected and has been in office since 2006. He is a democrat and has touted himself as a man of the people, at one point living in one of the worst neighborhoods in the city, to prove that he wasn’t of higher class than the people he was working for and with.