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Southern New Jersey Market Reports

Southern New Jersey Office Market

Average Asking Rent (Price/SF) $21.00
Vacancy Rate (%) 15.3%
Net Absorption (SF) 81,763

Quarter-over-quarter, Southern New Jersey's overall vacancy decreased 50 basis points to 15.8% during the fourth quarter of 2017, as the market posted positive absorption totaling 81,763 square feet. Class A experienced 17,406 square feet of positive occupancy to go with Class B's 46,062 square feet.



Southern New Jersey Office Market Report
4Q17
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