Second-Story Office
New
For Lease
$3,300/Mo
48 Commerce St, Newark, NJ 07102
A private entrance, kitchenette, and bathroom support a self-contained office environment in downtown Newark.
Space Size2,200 SF
Days on Market4
Property Features for 48 Commerce St
General Information
Standard status
Active
Size
2,200 SF
Net Rentable
2,200 SF
Property subtype
Commercial
Space & Availability
Available Space
2,200 SF
Contiguous Space
2,200 SF
Divisible
Yes
Floor
2
Space Use
Office
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$19,927
Amenities
modern drop ceiling with new lighting
central air and heat
private bathroom
kitchenette
private entrance
Building Details
Building Size
2,200 SF
Stories
2
Units
2
Listing Agency:
KELLER WILLIAMS CITY VIEWS
Listed By:
MICHAEL E. DIBI
(201) 962-9551
Source:
Elliman
Added: Oct 2
Changed: Oct 5
Last Checked: Oct 4 at 12:20PM
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
Investment Insights
Based on property information with market context.
This second-story office unit has an open layout that can be arranged into private offices or a cubicle area. Interior features include updated lighting, a drop ceiling, central air and heat, a private bathroom, and a kitchenette. A dedicated entrance provides separate access to the space.
The property is in downtown Newark, steps from the Prudential Center and Newark Penn Station. The Gateway Building, which connects to Penn Station, is also nearby. Transit options include train and bus service.
The property is in downtown Newark, steps from the Prudential Center and Newark Penn Station. The Gateway Building, which connects to Penn Station, is also nearby. Transit options include train and bus service.
Key Highlights
- Second‑story office space with an open layout
- Layout can be divided into private offices or cubicle space
- Private entrance, bathroom, and kitchenette
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.70 /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
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Market
Lease Benchmarks for Newark, NJ
$29.66 /SF/Yr
Avg Asking Price
$13.64–$59.38 /SF/Yr
Price Range
10,319 SF
Avg Space Size
This space is priced 39% below the average of $29.66 /SF/Yr.
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - A private entrance, kitchenette, and bathroom support a self-contained office environment in downtown Newark.
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 $3,300/Mo.
What are key features of this property?
This property features: Second‑story office space with an open layout; Layout can be divided into private offices or cubicle space; Private entrance, bathroom, and kitchenette
