2 Federal Square

Off Market

2 Federal Square, Newark, NJ 07102

  • Office
  • General Office
  • 521,000 Sqft

2 Federal Square, Newark, NJ 07102 - Office Space

2 Federal Square is located at 2 Federal Square in the Downtown Newark neighborhood, NJ, Newark, 07102. The Class B Office building was completed in 1936 and features a total of 521,000 Sqft.

There are 87 office spaces for lease in the Downtown Newark neighborhood, totaling 2,130,586 Sqft of available office space. The office space availability for the 07102 zip code is 2,130,586 Sqft, in 87 office spaces. The average asking office rent per sq. ft. in Downtown Newark is $27.18/sqft/year. For Class A office buildings the average office rate is $30.36/sqft/year, for Class B office buildings the average office rate is $22.17/sqft/year.

In Downtown Newark, there are 21 class B office buildings. In Downtown Newark, there are a total of 2 LEED certified office buildings. In 1936, the same year 2 Federal Square was built, 1 more commercial property (office, industrial, retail) over 50,000 square feet was built in Newark, featuring 521,000 square feet of commercial space. At zip code level, there are 39 commercial properties, of which 39 are office buildings over 50,000 square feet.

Nearby Listings

Nearby Properties

Details

  • City Newark
  • Neighborhood Downtown Newark
  • Zip Code 07102
  • Market New Jersey
  • Property Type Office - General Office
  • Property Size 521,000 Sqft
  • Lot Size 3.68 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1936
  • Date Updated 27 Jul, 2020

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 2 Federal Square?

2 Federal Square totals 521,000 square feet.

When was this property built?

2 Federal Square was built in 1936.

Downtown Newark Demographics

The average household income in zip code 07102 is $43,875, from a total of 5,079 households. In terms of employment, there are 76.61 % white-collar and 23.39 % blue-collar jobs in zip code 07102.

Population

  • Total Population13,382
  • Male Population(51.1 %) 6,841
  • Female Population(48.9 %) 6,541
  • Median Age32.30

Income/Financial

  • Average Household Income$43,875
  • Median Household Income$25,351
  • Median Income Under 25$25,707
  • Median Income 25-44$42,071
  • Median Income 45-64$31,071
  • Median Income Over 65$13,784