Prime Office Space Near
For Lease
$3,500/Mo
48 Commerce St, Newark, NJ 07102
2,200 sq. ft. office space near Newark Penn Station.
Space SizeContact for details
Days on Market146
Property Features for 48 Commerce St
General Information
Standard status
Active
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$19,927
Amenities
Central air
Ductless Split AC Cooling
Multi-Zone Heating
Building Details
Year Built
9999
Listing Agency:
KELLER WILLIAMS CITY VIEWS REALTY
(201) 592-8900
Listed By:
MICHAEL E. DIBI
Source:
Corcoran
Added: Mar 24
Changed: Aug 16
Last Checked: Aug 16 at 5:22AM
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 KELLER WILLIAMS CITY VIEWS REALTY
Investment Insights
Based on property information with market context.
This 2,200 sq. ft. second-story office space is available for rent, situated steps from the Prudential Center and Newark Penn Station. The space features a bright, open layout suitable for professional offices, creative studios, or small business operations seeking a central Newark location. It includes a modern drop ceiling with new lighting, central air and heat, a private bathroom, and a kitchenette. A private entrance provides added privacy and flexibility. The space can be easily divided into private offices or a cubicle area. Located blocks away from the Gateway Building, it offers direct access to Penn Station for convenient commuting to and from NYC. Situated in the heart of downtown Newark, the office provides excellent accessibility by train, bus, and major highways, making it ideal for businesses seeking a professional environment in a high-visibility, transit-friendly area. The property size is 4,400 sq. ft.
Key Highlights
- Prime location steps from Prudential Center and Newark Penn Station.
- 2,200 sq. ft. open‑layout space suitable for various business types.
- Private entrance for enhanced privacy and flexibility.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.43 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
6,372
Businesses Nearby
Explore this area
Business Placement
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
$24.44 /SF/Yr
Avg Asking Price
$5.18–$59.38 /SF/Yr
Price Range
12,007 SF
Avg Space Size
This space is priced 61% below the average of $24.44 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - 2,200 sq. ft. office space near Newark Penn Station.
Where is this office units located?
The property is located at 48 Commerce St Newark, NJ.
What is the lease rate?
The lease rate is $3,500/Mo.
What are key features of this property?
This property features: Prime location steps from Prudential Center and Newark Penn Station.; 2,200 sq. ft. open‑layout space suitable for various business types.; Private entrance for enhanced privacy and flexibility.
