2024 Office Space Rent & Sales
- $21.57 2024 Avg. Asking Rent
- 31.02% 2024 Office Vacancy Rate
Newark office price per square foot in 2024 was $21.57 on average. The local office market recorded an average vacancy rate of 31.02% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- Delaware Class A & A+ Office Space$26.06
- Delaware Class B Office Space$24.93
- Delaware Class C Office Space$12.91
Newark, DE Office Asking Rents by Class
Office Spaces for Rent in Delaware
Coworking Spaces in Delaware
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2024 Office Construction in Newark, DE
| Office building | Address | SF | Completed |
|---|---|---|---|
| Tower at STAR | 100 Discovery Blvd, 19713 | 120,000 | 2018 |
| Delaware Center for Health & Wellness | 620 Churchmans Road, 19702 | 40,539 | 2018 |
| Springside Plaza: Rule Building | 100 Biddle Avenue, 19702 | 50,000 | 2006 |
| Springside Plaza: Connor Building | 300 Biddle Avenue, 19702 | 50,000 | 2005 |
| Springside Plaza: Biddle Building (200 Biddle) | 200 Biddle Ave., 19720 | 50,000 | 2005 |
| 200 Commerce Drive | 200 Commerce Drive, 19713 | 68,000 | 1998 |
| Iron Hill Corporate Center - White Wing | 700 Prides Crossing, 19713 | 108,552 | 1992 |
| Flex Office at 111 Ruthar Dr, Newark, DE | 111 Ruthar Dr, 19711 | 16,200 | 1992 |
| Plaza 273 | 56 West Main Street, 19702 | 76,836 | 1991 |
| 100 Commerce Drive | 100 Commerce Drive, 19713 | 62,787 | 1991 |
Worth noting among recent office completions on the Newark market is Tower at STAR, which is currently the largest new office development in the city, at 120,000 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Newark commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.