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Commercial Real Estate
Newark Office Real Estate
- 20 minutes to midtown and downtown Manhattan
- Quick commute from New Jersey’s suburban “Wealth Belt”
- 22 million square feet of available
office space at less than half the average rent in Manhattan
Overview
From modern glass-and-steel skyscrapers to beautiful Beaux Arts buildings, Newark offers prime office space at highly affordable rents. Some 14.5 million square feet of space in the central business district has attracted a steady stream of companies, both those escaping the high costs of New York City and those looking for an attractive place to grow their business.
Existing Office Space
1 Washington Park
570 Broad Street
909 Broad Street
550 Broad Street
765 Broad Street
Military Park Building
One Newark Center
Penn Plaza
Fireman’s Insurance Company Building
One Gateway Center
One Riverfront Center
The National Newark Building
PSE&G Tower
Robert Treat Center
33 Washington Street |
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New Office Development Sites
Sites for Development
Newark Industrial Real Estate
Most of Newark’s industrial development opportunities center around Port Newark, which is the largest seaport on the East Coast, the third largest port in the nation in terms of volume and the second largest in terms of value. Nearly $150 billion of cargo is shipped through the port each year – not surprising given the 21 million consumers in the metro area surrounding the port and the 100 million more within a one-day drive. The port has seen a 65% increase in traffic volume in recent years and the amount of cargo passing through the port is expected to double by 2020.
Plans are in the works for billions of dollars of improvements at the seaport, including larger cranes, expanded rail yard facilities, deeper channels and expanded wharves. Brick City Development Corporation is also working with the City of Newark, Port Authority of New York and New Jersey and industry representatives to craft a comprehensive strategy for the redevelopment of at least 250 acres of vacant or unproductive industrial land adjacent to the port.
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