2022 Office Space Rent & Sales
- $19.16 2022 Avg. Asking Rent
- 13.74% 2022 Office Vacancy Rate
- $41.9M2022 Total Office Sales
- $91.51Avg. Sale Price/SF
Cherry Hill office price per square foot in 2022 was $19.16 on average. The local office market recorded an average vacancy rate of 13.74% across all asset classes combined. The 5 transactions that closed here throughout 2022 amounted to a total sale volume of $41.9M. Cherry Hill office space commanded an average sale price per square foot of $91.51.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Cherry Hill Class B Office Space$19.48
- Cherry Hill Class C Office Space$18.59
- New Jersey Class A & A+ Office Space$38.48
- New Jersey Class B Office Space$27.17
- New Jersey Class C Office Space$20.14
Cherry Hill, NJ Office Asking Rents by Class
Office Spaces for Rent in New Jersey
- Jersey Shore Office Space
- Princeton Office Space
- Newark Office Space
- Jersey City Office Space
- Mount Laurel Office Space
- Cherry Hill Office Space
- Marlton Office Space
- Trenton Office Space
- Voorhees Office Space
- Moorestown Office Space
- Lawrence Township Office Space
- Eatontown Office Space
- Camden Office Space
- Hoboken Office Space
- New Brunswick Office Space
Cherry Hill Office Sale Price per SF
- $91.512022 Avg. Price per SF
- $41.9M2022 Office Sales Volume
- 52022 Number of Transactions
Cherry Hill, NJ Sale Price per SF Trend
- Cherry Hill Avg. Sale Price per SF in 2022$91.51
- New Jersey Avg. Sale Price per SF in 2022$223.87
2022 Office Sales Volume
- Cherry Hill, NJ Total Office Sales Volume in 2022 $41.9M
- Cherry Hill, NJ Total Number of Office Sales Closed in 2022 5
Largest Cherry Hill Office Sales in 2022
| Property name | Address | Date | Price |
|---|---|---|---|
| Cherry Hill Office Center | 1040 North Kings Hwy | 10/21/2022 | $21,400,000 |
| Executive Mews | 1930 Marlton Pike East | 4/8/2022 | $7,475,000 |
| 20 Brace Road | 20 Brace Road | 1/7/2022 | $5,500,000 |
| 2201 State Route 38 | 2201 State Route 38 | 6/7/2022 | $5,214,750 |
| 523 Hollywood Avenue | 523 Hollywood Avenue | 7/26/2022 | $2,325,000 |
Coworking Spaces in New Jersey
- New York City Coworking Space
- Manhattan Coworking Space
- Washington Coworking Space
- Brooklyn Coworking Space
- Hudson Valley Coworking Space
- Philadelphia Coworking Space
- Columbus Coworking Space
- Cincinnati Coworking Space
- Pittsburgh Coworking Space
- Arlington Coworking Space
- Alexandria Coworking Space
- Queens Coworking Space
- Jersey City Coworking Space
- Jersey Shore Coworking Space
- Bethesda Coworking Space
- Cleveland Coworking Space
- Dublin Coworking Space
- Princeton Coworking Space
- Newark Coworking Space
- Virginia Beach Coworking Space
- Hoboken Coworking Space
- New Brunswick Coworking Space
- Summit Coworking Space
- Rochester Coworking Space
2022 Office Construction in Cherry Hill, NJ
| Office building | Address | SF | Completed |
|---|---|---|---|
| 95 Marlton Pike West | 95 Marlton Pike West, 08053 | 30,000 | 2019 |
| Libertyview | 457 Haddonfield Road, 08002 | 121,737 | 1990 |
| 1934 Olney Ave | 1934 Olney Ave, 08003 | 5,000 | 1989 |
| Colwick Business Center | 57 Haddonfield Road, 08002 | 174,658 | 1987 |
| 51 Haddonfield | 51 Haddonfield Road, 08002 | 96,000 | 1987 |
| Dobbs Lane, Suites 201 & 202 | Dobbs Lane, 08034 | 41,000 | 1986 |
| 375 N. Kings Highway | 375 N. Kings Highway, 08034 | 13,575 | 1986 |
| 375 N. Kings Highway | 375 N. Kings Highway, 08034 | 13,575 | 1986 |
| Cherry Tree Corporate Center | 535 State Route 38 East, 08002 | 150,000 | 1985 |
| Commerce Center | 1800 Chapel Avenue West, 08002 | 147,173 | 1985 |
Worth noting among recent office completions on the Cherry Hill market is 95 Marlton Pike West, which is currently the largest new office development in the city, at 30,000 square feet.
See reports for other markets
- Princeton Office Rent Price
- Mount Laurel Office Rent Price
- Newark Office Rent Price
- Jersey City Office Rent Price
- Fairfield Office Rent Price
- Edison Office Rent Price
- Philadelphia Office Rent Price
- King of Prussia Office Rent Price
- Marlton Office Rent Price
- Conshohocken Office Rent Price
- Seattle Office Rent Price
- Miami Office Rent Price
- New York City Office Rent Price
- Atlanta Office Rent Price
- Los Angeles Office Rent Price
- Washington Office Rent Price
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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Cherry Hill 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.