2020 Office Space Rent & Sales
- $31.00 2020 Avg. Asking Rent
- 29.62% 2020 Office Vacancy Rate
Englewood Cliffs office price per square foot in 2020 was $31.00 on average. The local office market recorded an average vacancy rate of 29.62% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Englewood Cliffs Class A Office Space$38.00
- Englewood Cliffs Class B Office Space$30.34
- New Jersey Class A Office Space$36.84
- New Jersey Class B Office Space$26.76
- New Jersey Class C Office Space$20.32
Englewood Cliffs, NJ Office Asking Rents by Class
2020 Office Construction in Englewood Cliffs, NJ
- Englewood Cliffs, NJ Total SF completed in 2020 350,806
During 2020, 350,806 square feet of new office space were delivered across the market. At the close of 2020, the Englewood Cliffs office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 350,806 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| LG Headquarters | 111 Sylvan Avenue, 07632 | 350,806 | 2020 |
| Unilever North America Headquarters | 700 Sylvan Avenue, 07632 | 325,000 | 2018 |
| 980 Sylvan Avenue | 980 Sylvan Avenue, 07632 | 32,000 | 2018 |
| Sylvan Corporate Center 3 - 930 Sylvan Avenue | 930 Sylvan Avenue, 07632 | 70,000 | 2008 |
| Sylvan Corporate Center 4 - 940 Sylvan Avenue | 940 Sylvan Avenue, 07632 | 61,500 | 2008 |
| CNBC Headquarters | 900 Sylvan Avenue, 07632 | 320,000 | 2002 |
| LG Headquarters | 1000 Sylvan Avenue, 07632 | 56,920 | 1989 |
| Sylvan Corporate Center 2 - 920 Sylvan Avenue | 920 Sylvan Avenue, 07632 | 70,000 | 1988 |
| Sylvan Corporate Center 1 - 910 Sylvan Avenue | 910 Sylvan Avenue, 07632 | 66,000 | 1988 |
| 619 Palisade Avenue | 619 Palisade Avenue, 07632 | 25,305 | 1987 |
Worth noting among recent office completions on the Englewood Cliffs market is LG Headquarters, which is currently the largest new office development in the city, at 350,806 square feet.
See reports for nearby markets
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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Englewood Cliffs 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.