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Southern New Jersey Market Reports

Southern New Jersey Office Market

Average Asking Rent (Price/SF) $21.05
Vacancy Rate (%) 15.9%
Net Absorption (SF) -39,053

Overall, Southern New Jersey's vacancy increased 20 basis points to 15.9% during the third quarter of 2017, as the market posted negative absorption totaling 39,053 square feet. Class A posted 5,953 square feet of negative occupancy to go with Class B's 32,758 square feet of negative absorption.



Southern New Jersey Office Market Report
3Q17
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