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Downtown Newark Office/Retail Space
For Lease
$2,850/Mo

111 Mulberry Street, Newark, NJ 07102

Office or retail space with high visibility and foot traffic.

Property Size83,740 SF
Days on Market184

Property Features for 111 Mulberry Street

General Information

Standard status Active
Size 83,740 SF
Property subtype Office/Retail

Building Details

Year Built 1988
Listing Agency: Sitar Realty Company - Corporate
Listed By: Brian Murphy
Source: Sitarcompany
Added: Jan 27 Changed: Jul 10 Last Checked: Jul 30 at 5:57AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sitar Realty Company - Corporate

Investment Insights

Based on property information with market context.

This ground floor space, situated within an apartment complex in Newark's Central Business District, is available for rent. The property benefits from its location with excellent access to public transportation, high visibility, and heavy foot and auto traffic. Featuring three separate entrances, including a private entrance from Market Street, the space offers flexibility for various layouts. Windows provide ample natural light. Tenant signage is available. Previously used as a medical office, the space is suitable for office or retail use. The location is close to restaurants, banks, shopping, the post office, and public transit.

Key Highlights

  • Prime Central Business District location in downtown Newark with excellent access to public transit.
  • High visibility with heavy foot and auto traffic.
  • Suitable for a variety of office or retail uses.

Property Analytics

Current Use

Renaissance Towers Association ... Condominium Complex CASHLAKE BUY HOUSES 🏘 Real Estate Agency B2B Transportation Services Trucking Company Waldo Lofts Condo ... Condominium Complex Icon Parking Parking Lot & Garage

Suggested Use

Top Pick Veterinary Clinic (Bike/Boat/Book/etc) Store Nursing Home Locksmith Buffet Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$0.06 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,372
Businesses Nearby

Demographics for 07102, NJ

15,047
Population
6,574
Households
2.3
Avg Household Size
34
Median Age
30%
College-Educated
82%
High-School Grad
1.1 sq mi
ZIP Area
13,679
Density / Sq Mi
$37,093
Median Household Income
$42,234
Median Earnings
$1,141
Median Rent
$293,900
Median Home Value

Market

Lease Benchmarks for Newark, NJ

$26.93 /SF/Yr
Avg Asking Price
$8–$59.38 /SF/Yr
Price Range
3,303 SF
Avg Space Size

This space is priced 98% below the average of $26.93 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office or retail space with high visibility and foot traffic.
Where is this office units located?
The property is located at 111 Mulberry Street Newark, NJ.
What is the lease rate?
The lease rate is $2,850 /Mo.
What are key features of this property?
This property features: Prime Central Business District location in downtown Newark with excellent access to public transit.; High visibility with heavy foot and auto traffic.; Suitable for a variety of office or retail uses.
More about this property
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