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: 14,511,578 Sq. Ft.
In New Jersey, the largest share of office space is in office properties sized greater then 1M square feet. In terms of quality rating, you’ll find that 4,287,396 square feet of office space in New Jersey is rated Class A. Office space rated Class B amount to 9,265,429 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. |
2,300,691 Sq. Ft. |
15.85% |
| 100k to 500k Sq. Ft. |
4,619,346 Sq. Ft. |
31.83% |
| 500k to 1M Sq. Ft. |
594,396 Sq. Ft. |
4.1% |
| > 1M Sq. Ft. |
5,345,433 Sq. Ft. |
36.84% |
New Jersey Office Market Breakdown by Building Quality Rating
| Class |
Total Square Feet |
Share of Total Office |
| Class A |
4,287,396 Sq. Ft. |
29.54% |
| Class B |
9,265,429 Sq. Ft. |
63.85% |
| Class C |
648,753 Sq. Ft. |
4.47% |
Data was provided by CommercialEdge, refers to properties larger than 50,000 square feet.
Total Industrial Space in New Jersey: 44,481,288 Sq. Ft.
New Jersey is home to an industrial real estate market that encompasses 44,481,288 square feet of space across 79 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. |
8,719,152 Sq. Ft. |
19.6% |
| 100k to 500k Sq. Ft. |
21,537,490 Sq. Ft. |
48.42% |
| 500k to 1M Sq. Ft. |
6,121,986 Sq. Ft. |
13.76% |
| > 1M Sq. Ft. |
1,400,000 Sq. Ft. |
3.15% |
New Jersey Industrial Market Breakdown by Building Quality Rating
| Class |
Total Square Feet |
Share of Total Industrial |
| Class A |
11,064,509 Sq. Ft. |
24.87% |
| Class B |
24,867,503 Sq. Ft. |
55.91% |
| Class C |
8,029,999 Sq. Ft. |
18.05% |
Data was provided by CommercialEdge, refers to industrial use properties larger than 50,000 square feet.
Total Retail Space in New Jersey: 7,628,680 Sq. Ft.
The New Jersey commercial real estate market includes 41 properties that are dedicated to retail use. The various types of retail space here account for 7,628,680 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. |
2,156,119 Sq. Ft. |
28.26% |
| 100k to 500k Sq. Ft. |
4,129,138 Sq. Ft. |
54.13% |
| > 1M Sq. Ft. |
1,303,423 Sq. Ft. |
17.09% |
Data was provided by CommercialEdge and refers to retail properties larger than 50,000 square feet.
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