New Jersey office market report
Q3 2024
The flight-to-quality continues in New Jersey; of the 45 msf currently available only 4.3 msf is trophy. In suburban New Jersey submarkets, of the total inventory, only 1.6% is available trophy space. Asking rents and availability remain mostly unchanged. Year-to-date there have been 10 leases signed of 75k sf or greater, the most notable being Samsung’s move to the former Unilever headquarters in Englewood Cliffs whilst Unilever themselves are relocating to 111 River St, Hoboken. Avison Young represented the owner of 200 Crossing Blvd in Bridgewater as Brother International renewed their 79k sf lease.
leasing activity year-to-date
average asking rental rate
total availability %
Your source for the latest New Jersey office market reports
Get in-depth office market reports and insights from commercial real estate experts in the Greater New Jersey area. Avison Young advisors look at New Jersey commercial real estate activities and the latest New Jersey statistics to provide you expert market research on New Jersey's office properties.
Explore different topics like the latest office market pricing trends and analysis of New Jersey's current office real estate market conditions. Gain a better understanding of New Jersey’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in New Jersey's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in New Jersey.
The dashboard was delivered through AVANT by Avison Young: leveraging real-time data and analytics to make cities and location-based decisions more transparent and efficient. Learn more about AVANT.