2024 Office Space Rent & Sales
- $43.03 2024 Avg. Asking Rent
- 17.95% 2024 Office Vacancy Rate
Hackensack office price per square foot in 2024 was $43.03 on average. The local office market recorded an average vacancy rate of 17.95% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- New Jersey Class A & A+ Office Space$40.95
- New Jersey Class B Office Space$28.64
- New Jersey Class C Office Space$21.12
Hackensack, NJ Office Asking Rents by Class
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| Office building | Address | SF | Completed |
|---|---|---|---|
| 250 Essex St | 250 Essex St, 07601 | 30,000 | 1986 |
| 211 Essex St | 211 Essex St, 07601 | 1,852 | 1986 |
| 3 University Plaza | 3 University Plaza, 07601 | 210,500 | 1985 |
| Prospect Plaza | 385 Prospect Avenue, 07601 | 61,905 | 1983 |
| Continental Plaza | 401 Hackensack Avenue, 07601 | 647,947 | 1970 |
| 15 Emerald St | 15 Emerald St, 07601 | 4,715 | 1954 |
| 407 State St | 407 State St, 07601 | 4,748 | 1941 |
| 147 153 Hudson St # 153 | 147 153 Hudson St # 153, 07601 | 13,000 | 1939 |
| 151 Hudson St | 151 Hudson St, 07601 | 4,500 | 1939 |
| 241 Hudson St | 241 Hudson St, 07601 | 14,932 | 1936 |
Worth noting among recent office completions on the Hackensack market is 250 Essex St, which is currently the largest new office development in the city, at 30,000 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all Hackensack commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.