New Jersey Office Space

New Jersey

Office Space Market Report

Number of Listings (last 90 days)
1,998
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
3,000
As of: February 24, 2017

New Jersey Rates

On average, listings lease in the $20's per square foot per year. The New Jersey submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 2% rise in rent.

New Jersey Listing Supply

In the last 90 days, 1883 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the listings in the New Jersey are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,030 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 2 stories. Most buildings in this area were built in 1984 and are Class A.

New Jersey Community

Market Report

Trends and status of the commercial real estate market in New Jersey.
Market Report

Market Data

Real time and historical data on commercial real estate listings in New Jersey.
Research