Lyneir Richardson
Chief Executive Officer
richardsonl@bcdcnewark.org
(973) 273-1040

Video: Why Newark

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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

  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.