Highlights
- The average rent for office space in Cherry Hill is $23.46 per square foot, 4.03% higher compared to the previous year.
- The market’s vacancy rate stands at 20.57%, higher than the state average of New Jersey, which is 17.23%.
2025 Office Space Rent & Sales
- $23.46 2025 Avg. Asking Rent
- 4.03% Y-o-Y Avg. Asking Rent Change
- 20.57% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Cherry Hill?
Average asking rents for office space here stand at $23.46 per square foot. The local office market recorded an average vacancy rate of 20.57% in 2025, unchanged from 20.57% in 2024.
Cherry Hill, NJ Office Asking Rents by Class
What is the average office rent per square foot by property class in NJ?
- Avg. Asking Rent Class A & A+$40.31
- Avg. Asking Rent Class B$28.60
- Avg. Asking Rent Class C$21.70
For comparison, the average rent for Class A and A+ office space in New Jersey was $40.31 per square foot. The state-wide average for Class B space was $28.60 per square foot, and Class C office spaces averaged $21.70 per square foot.
What are the largest recent office completions in Cherry Hill?
The largest recent office completion here is Towne Place at Garden State Park at 348,139 square feet, completed in 2004. The next largest completions are Commerce Center and Cherry Tree Corporate Center.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 95 Marlton Pike West | 95 Marlton Pike West, 08053 | 30,000 | 2019 |
| 2321 Route 70 W | 2321 Route 70 W, 08002 | 74,923 | 2006 |
| Towne Place at Garden State Park | 951 Haddonfield Road, 08002 | 348,139 | 2004 |
| Rockhill Industrial Center - 1722 Marlton Pike | 1722 Marlton Pike, 08003 | 30,705 | 1997 |
| Woodcrest Pavilion | 10 Melrose Avenue, 08003 | 49,569 | 1990 |
| 112 Haddontowne Court #103 | 112 Haddontowne CT #103, 08034 | 1,800 | 1988 |
| 51 Haddonfield Road | 51 Haddonfield Road, 08002 | 100,000 | 1987 |
| 51 Haddonfield | 51 Haddonfield Road, 08002 | 96,000 | 1987 |
| Commerce Center | 1800 Chapel Avenue West, 08002 | 195,173 | 1985 |
| Cherry Tree Corporate Center | 535 State Route 38 East, 08002 | 150,000 | 1985 |
See reports for other markets
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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.