Office Rental Market
- $21.96 2019 Avg. Asking Rent
- 9.93 % 2019 Avg. Vacancy Rate
- 0 2019 Office Completions (Sqft)
- 0 2020 Estimated Pipeline (Sqft)
Average Office Asking Rents by Class
2019 Average Office Rent per Square Foot
- Newark Class B Office Buildings$21.96
- DE Class A Office Buildings$33.31
- DE Class B Office Buildings$23.25
- DE Class C Office Buildings$14.62
Newark, DE Office Asking Rents by Class
OFFICE CONSTRUCTION IN Newark, DE
- Newark, DE Total Sqft completed in 2019 0
- Newark, DE Total Sqft under construction in 2020 0
Building name | Address | Total Sqft | Year built |
---|---|---|---|
Morgan Christiana Center | 500 Stanton Christiana Road, 19713 | 655,185 | 1986 |
Bank of America - Christiana Center I, II & III | 1000 Samoset Drive, 19713 | 561,614 | 1991 |
655 Paper Mill Road | 655 Paper Mill Road, 19711 | 550,583 | 1899 |
Christiana Executive Campus | 111 Continental Drive, 19713 | 448,712 | 1986 |
University Office Plaza | 260 Chapman Road, 19702 | 184,240 | 1971 |
Sallie Mae Headquarters | 300 Continental Drive, 19713 | 160,000 | 1984 |
Christiana Corporate Center | 400 Commerce Drive, 19713 | 150,000 | 1983 |
Springside Plaza | 200 Biddle Avenue, 19702 | 144,104 | 2001 |
242 & 248 Chapman Road | 242 Chapman Road, 19702 | 142,695 | 1987 |
Christiana Hospital - Medical Arts Pavilion 1 & 2 and Surgicenter | 4735 Ogletown-Stanton Road, 19713 | 131,108 | 1987 |
Office building | Address | Sqft | Completed |
---|---|---|---|
Tower at STAR | 100 Discovery Blvd, 19713 | 120,000 | 2018 |
Delaware Center for Health & Wellness | 620 Churchmans Road, 19702 | 40,539 | 2018 |
Star Campus - 550 South College Avenue | 550 South College Avenue, 19713 | 69,877 | 2015 |
1352 Marrows Road | 1352 Marrows Road, 19711 | 42,000 | 2006 |
Abby Medical Center | 1 Centurian Drive, 19713 | 75,000 | 2004 |
Apex Medical Center | 537 Stanton Christiana Road, 19713 | 64,000 | 2004 |
Metro Professional Offices | 4923 Ogletown-Stanton Road, 19713 | 46,050 | 2002 |
Springside Plaza | 200 Biddle Avenue, 19702 | 144,104 | 2001 |
500 Creek View Road | 500 Creek View Road, 19711 | 99,739 | 1999 |
200 Commerce Drive | 200 Commerce Drive, 19713 | 68,000 | 1998 |
See trends for nearby markets
The Newark office market contains an inventory of 5,392,872 square feet of office space, in 76 buildings that are equal to or larger than 25,000 square feet.
This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive 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.