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Southern New Jersey Market Reports

Southern New Jersey Office Market

Average Asking Rent (Price/SF) $20.82
Vacancy Rate (%) 14.7%
Net Absorption (SF) -65,371

Office vacancy increased in the Southern New Jersey market during the first quarter of 2018 and will further increase when Subaru consolidates to its new Camden headquarters in April 2018. The overall vacancy rate ticked up to 14.7%, an increase of 70 basis points from the prior quarter and 100 points from one year ago. Both Class A and Class B properties experienced an uptick in availability from year-end 2017, while vacancy for Class C product was flat.



Southern New Jersey Office Market Report
1Q18
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