59-61 Market Street

Off Market

59 Market Street, Newark, NJ 07102

  • Office
  • General Office
  • 28,532 Sqft

59-61 Market Street, Newark, NJ 07102 - Office Space

59-61 Market Street is located at 59 Market Street in the Downtown Newark neighborhood, NJ, Newark, 07102. The Class B Office building was completed in 1931 and features a total of 28,532 Sqft.

There are 132 office spaces for lease in the Downtown Newark neighborhood, totaling 2,271,105 Sqft of available office space. The office space availability for the 07102 zip code is 2,271,105 Sqft, in 132 office spaces. The average asking office rent per sq. ft. in Downtown Newark is $29.58/sqft/year. For Class A office buildings the average office rate is $32.06/sqft/year, for Class B office buildings the average office rate is $22.17/sqft/year.

In Downtown Newark, there are 23 class B office buildings. In Downtown Newark, there are a total of 3 LEED certified office buildings. In 1931, the same year 59-61 Market Street was built, 7 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Newark, featuring 2,244,110 square feet of commercial space. At zip code level, there are 38 commercial properties, of which 37 are office buildings over 50,000 square feet.

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Details

  • City Newark
  • Neighborhood Downtown Newark
  • Zip Code 07102
  • Market New Jersey
  • Property Type Office - General Office
  • Property Size 28,532 Sqft
  • Lot Size 0.09 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1931

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 59-61 Market Street?

59-61 Market Street totals 28,532 square feet.

When was this property built?

59-61 Market Street was built in 1931.

Downtown Newark Demographics

The average household income in zip code 07102 is $47,412, from a total of 5,501 households. In terms of employment, there are 71.75 % white-collar and 28.25 % blue-collar jobs in zip code 07102.

Population

  • Total Population13,505
  • Male Population(51.1 %) 6,898
  • Female Population(48.9 %) 6,607
  • Median Age33.60

Income/Financial

  • Average Household Income$47,412
  • Median Household Income$25,677
  • Median Income 25-44$43,942
  • Median Income 45-64$30,867
  • Median Income Over 65$14,337