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Southern New Jersey Market Reports

Southern New Jersey Office Market

Average Asking Rent (Price/SF) $21.10
Vacancy Rate (%) 15.7%
Net Absorption (SF) (103,977)

Overall, Southern New Jersey's vacancy rate increased 40 basis points to 15.7% during the second quarter of 2017, as the market posted negative absorption totaling 103,977 square feet. There were occupancy losses in both Class A and Class B properties, with Class A space recording 83,944 square feet of negative absorption for the second quarter.



Southern New Jersey Office Market Report
2Q17
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