In addition to preferred particularities of local culture, economy, and geography, businesses looking to expand or relocate also give great consideration to the size, variety, and quality of the commercial real estate in and around their city of interest.
Total Office Space in New Jersey: 285,876,203 Sq. Ft.
In New Jersey, the largest share of office space is in office properties sized 100k to 500k square feet. In terms of quality rating, you’ll find that 100,321,254 square feet of office space in New Jersey is rated Class A. Office space rated Class B amount to 146,646,335 square feet.
New Jersey Office Market Breakdown by Building Size
| Building Size Range |
Total Square Feet |
Share of Total Office |
| 50k to 100k Sq. Ft. |
48,595,156 Sq. Ft. |
17% |
| 100k to 500k Sq. Ft. |
142,419,344 Sq. Ft. |
49.82% |
| 500k to 1M Sq. Ft. |
39,423,736 Sq. Ft. |
13.79% |
| > 1M Sq. Ft. |
26,041,210 Sq. Ft. |
9.11% |
New Jersey Office Market Breakdown by Building Quality Rating
| Class |
Total Square Feet |
Share of Total Office |
| Class A+ |
2,886,015 Sq. Ft. |
1.01% |
| Class A |
100,321,254 Sq. Ft. |
35.09% |
| Class B |
146,646,335 Sq. Ft. |
51.3% |
| Class C |
18,295,804 Sq. Ft. |
6.4% |
Data was provided by CommercialEdge, refers to properties larger than 50,000 square feet.
Total Industrial Space in New Jersey: 760,773,964 Sq. Ft.
New Jersey is home to an industrial real estate market that encompasses 760,773,964 square feet of space across 975 industrial properties of various use types, sizes, and quality ratings.
New Jersey Industrial Market Breakdown by Building Size
| Building Size Range |
Total Square Feet |
Share of Total Industrial |
| 50k to 100k Sq. Ft. |
107,433,470 Sq. Ft. |
14.12% |
| 100k to 500k Sq. Ft. |
387,564,787 Sq. Ft. |
50.94% |
| 500k to 1M Sq. Ft. |
132,270,482 Sq. Ft. |
17.39% |
| > 1M Sq. Ft. |
63,661,992 Sq. Ft. |
8.37% |
New Jersey Industrial Market Breakdown by Building Quality Rating
| Class |
Total Square Feet |
Share of Total Industrial |
| Class A |
272,320,823 Sq. Ft. |
35.8% |
| Class B |
392,363,850 Sq. Ft. |
51.57% |
| Class C |
52,763,832 Sq. Ft. |
6.94% |
Data was provided by CommercialEdge, refers to industrial use properties larger than 50,000 square feet.
Total Retail Space in New Jersey: 157,883,083 Sq. Ft.
The New Jersey commercial real estate market includes 896 properties that are dedicated to retail use. The various types of retail space here account for 157,883,083 square feet of commercial property in New Jersey.
New Jersey Retail Market Breakdown by Building Size
| Building Size Range |
Total Square Feet |
Share of Total Retail |
| 50k to 100k Sq. Ft. |
35,638,182 Sq. Ft. |
22.57% |
| 100k to 500k Sq. Ft. |
96,025,243 Sq. Ft. |
60.82% |
| 500k to 1M Sq. Ft. |
13,327,046 Sq. Ft. |
8.44% |
| > 1M Sq. Ft. |
12,499,681 Sq. Ft. |
7.92% |
New Jersey Retail Market Breakdown by Building Quality Rating
| Class |
Total Square Feet |
Share of Total Retail |
| Class A |
174,240 Sq. Ft. |
0.11% |
Data was provided by CommercialEdge and refers to retail properties larger than 50,000 square feet.
172 Lyon St, Riverside, Paterson, NJFor Lease_NJ,%20New%20Jersey_USA_Kitchen.jpg?width=450 "Harborside Financial")
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