Highlights
- The average rent for office space in Newark is $26.70 per square foot, 23.82% higher compared to the previous year.
- The market’s vacancy rate stands at 30.97%, higher than the state average of Delaware, which is 25.02%.
2025 Office Space Rent & Sales
- $26.70 2025 Avg. Asking Rent
- 23.82% Y-o-Y Avg. Asking Rent Change
- 30.97% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Newark?
Average asking rents for office space here stand at $26.70 per square foot. The local office market recorded an average vacancy rate of 30.97% in 2025, unchanged from 30.97% in 2024.
Newark, DE Office Asking Rents by Class
What is the average office rent per square foot by property class in DE?
- Avg. Asking Rent Class A & A+$30.18
- Avg. Asking Rent Class B$24.37
- Avg. Asking Rent Class C$13.90
For comparison, the average rent for Class A and A+ office space in Delaware was $30.18 per square foot. The state-wide average for Class B space was $24.37 per square foot, and Class C office spaces averaged $13.90 per square foot.
What are the largest recent office completions in Newark?
The largest recent office completion here is Tower at STAR at 120,000 square feet, completed in 2018. The next largest completions are Iron Hill Corporate Center - White Wing and Iron Hill Corporate Center - Blue Wing.
| 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: Biddle Building (200 Biddle) | 200 Biddle Ave., 19702 | 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 |
| 100 Commerce Drive | 100 Commerce Drive, 19713 | 62,787 | 1991 |
| Iron Hill Corporate Center - Blue Wing | 800 Prides Crossing, 19713 | 85,568 | 1990 |
| Iron Hill Corporate Center - Red Wing | 750 Prides Crossing, 19713 | 84,191 | 1988 |
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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 Yardi Research Data can guarantee that the information provided is complete.