Newark, a city with a rich history dating back to 1666, is an ideal location for a restaurant, offering a unique blend of cultural attractions, educational institutions, and corporate hubs. With a population of around 280,000, Newark presents a diverse customer base for restaurants. This city, situated at the mouth of the Passaic River, boasts a thriving waterfront, which plays a vital role in the Port of New York and New Jersey. The presence of major companies like Prudential Financial, Mutual Benefit Life, and IDT Corporation, as well as esteemed educational institutions like New Jersey Institute of Technology (NJIT) and Rutgers University–Newark, ensures a steady flow of customers. Additionally, attractions like the Prudential Center, Newark Museum of Art, and the Institute of Jazz Studies make Newark an attractive destination for both locals and tourists, creating a promising environment for restaurants to flourish.
With 5 restaurants for lease in Newark, entrepreneurs and investors have a wide range of options to choose from. Newark's restaurants benefit from the city's diverse economy, which includes industries like insurance, finance, healthcare, and manufacturing. Nearby, Retail Space is available for lease, offering opportunities for complementary businesses to thrive. Commercial Real Estate options are also available, providing flexibility for businesses to expand or relocate. Furthermore, Flex Space is available for lease, catering to the needs of innovative startups and entrepreneurs. Overall, Newark's unique blend of cultural attractions, educational institutions, and corporate hubs makes it an attractive location for restaurants, with a range of property types available to support their growth.
How are restaurant leases typically structured?
In Newark, restaurant leases are typically structured to accommodate the unique needs of the city's diverse dining scene. With 5 available listings, restaurant leases in Newark often feature average annual rents of Price Upon Request per square foot, with average space sizes ranging from 2,187 square feet to 2,187 square feet, allowing restaurateurs to find the perfect fit for their business.
What kitchen equipment is usually included in restaurant leases?
When exploring restaurants for lease in Newark, it's essential to understand what kitchen equipment is typically included in the lease agreement. In Newark, where there are 5 available listings of restaurants, the average annual rent per square foot is Price Upon Request, and the average size is 2,187 square feet, with a maximum space size of 2,187 square feet, you can expect to find commercial-grade equipment such as ovens, refrigerators, dishwashers, and ventilation systems, but the specific inclusions may vary depending on the landlord and the property.
