Hackensack Office Market Trends

Office Rental Market

  • $27.41 2019 Avg. Asking Rent
  • 9.74 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Hackensack was $27.41 per square foot, and the office vacancy rate across the market averaged 9.74 %. During 2019, developers added 0 square feet of new office space to the Hackensack market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Hackensack Class A Office Buildings$35.96
  • Hackensack Class B Office Buildings$24.77
  • NJ Class A Office Buildings$34.44
  • NJ Class B Office Buildings$27.61
  • NJ Class C Office Buildings$19.72

Hackensack, NJ Office Asking Rents by Class

OFFICE CONSTRUCTION IN Hackensack, NJ

  • Hackensack, NJ Total Sqft completed in 2019 0
  • Hackensack, NJ Total Sqft under construction in 2020 0
10 Largest Office Buildings in Hackensack
Building name Address Total Sqft Year built
Continental Plaza 401 Hackensack Avenue, 07661 647,947 1970
Court Plaza 25 Main Street, 07601 335,000 1984
Hackensack University Medical Center - Justice Marie Garibaldi Medical Plaza 20 Prospect Street, 07601 281,720 1998
3 University Plaza 3 University Plaza, 07601 210,500 1985
Continental Plaza II 411 Hackensack Avenue, 07601 169,146 1971
Two University Plaza 2 University Plaza Drive, 07601 143,000 1986
One University Plaza 1 University Plaza Drive, 07601 126,000 1986
Alfred N. Sanzari Medical Arts Building 360 Essex Street, 07980 84,000 2002
Urban Plaza Building 25 East Salem Street, 07601 80,207 1965
256 State Street 256 State Street, 07601 68,977 1948
Largest Office Properties Recently Completed in Hackensack
Office building Address Sqft Completed
Alfred N. Sanzari Medical Arts Building 360 Essex Street, 07980 84,000 2002
Hackensack University Medical Center - Justice Marie Garibaldi Medical Plaza 20 Prospect Street, 07601 281,720 1998
Hackensack University Medical Center - Hillcrest Building 60 2nd Street, 07601 60,884 1993
60 State Street 60 State Street, 07601 58,512 1988
Executive Plaza North 505 Main Street, 07601 51,655 1988
75 Essex Street 75 Essex Street, 07601 28,897 1988
155 Polifly Road 155 Polifly Road, 07601 45,912 1987
302 West Pleasantview Avenue 302 West Pleasantview Avenue, 07601 32,388 1987
Two University Plaza 2 University Plaza Drive, 07601 143,000 1986
One University Plaza 1 University Plaza Drive, 07601 126,000 1986
Data provided by Commercial Edge

Office Spaces for Rent in New Jersey

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The Hackensack office market contains an inventory of 2,590,398 square feet of office space, in 28 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive 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 CommercialEdge can guarantee that the information provided is complete.