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: 38,411,672 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 11,232,713 square feet of office space in New Jersey is rated Class A. Office space rated Class B amount to 20,155,311 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. |
6,092,311 Sq. Ft. |
15.86% |
| 100k to 500k Sq. Ft. |
18,936,242 Sq. Ft. |
49.3% |
| 500k to 1M Sq. Ft. |
6,983,399 Sq. Ft. |
18.18% |
| > 1M Sq. Ft. |
3,800,000 Sq. Ft. |
9.89% |
New Jersey Office Market Breakdown by Building Quality Rating
| Class |
Total Square Feet |
Share of Total Office |
| Class A |
11,232,713 Sq. Ft. |
29.24% |
| Class B |
20,155,311 Sq. Ft. |
52.47% |
| Class C |
1,872,686 Sq. Ft. |
4.88% |
Data was provided by CommercialEdge, refers to properties larger than 50,000 square feet.
Total Industrial Space in New Jersey: 208,024,429 Sq. Ft.
New Jersey is home to an industrial real estate market that encompasses 208,024,429 square feet of space across 117 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. |
17,997,568 Sq. Ft. |
8.65% |
| 100k to 500k Sq. Ft. |
112,299,404 Sq. Ft. |
53.98% |
| 500k to 1M Sq. Ft. |
49,248,585 Sq. Ft. |
23.67% |
| > 1M Sq. Ft. |
17,989,629 Sq. Ft. |
8.65% |
New Jersey Industrial Market Breakdown by Building Quality Rating
| Class |
Total Square Feet |
Share of Total Industrial |
| Class A |
105,608,792 Sq. Ft. |
50.77% |
| Class B |
89,026,395 Sq. Ft. |
42.8% |
| Class C |
4,145,085 Sq. Ft. |
1.99% |
Data was provided by CommercialEdge, refers to industrial use properties larger than 50,000 square feet.
Total Retail Space in New Jersey: 17,489,220 Sq. Ft.
The New Jersey commercial real estate market includes 71 properties that are dedicated to retail use. The various types of retail space here account for 17,489,220 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. |
3,976,399 Sq. Ft. |
22.74% |
| 100k to 500k Sq. Ft. |
11,497,150 Sq. Ft. |
65.74% |
| 500k to 1M Sq. Ft. |
605,474 Sq. Ft. |
3.46% |
| > 1M Sq. Ft. |
1,332,132 Sq. Ft. |
7.62% |
Data was provided by CommercialEdge and refers to retail properties larger than 50,000 square feet.
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