2024 Office Space Rent & Sales
- $21.44 2024 Avg. Asking Rent
- -0.07% Y-o-Y Avg. Asking Rent Change
- 15.58% 2024 Office Vacancy Rate
Fairfield office price per square foot in 2024 was $21.44 on average. This marked a -0.07% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 15.58% 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
Fairfield, NJ Office Asking Rents by Class
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| Office building | Address | SF | Completed |
|---|---|---|---|
| Greenbrook Executive Center | 100 Passaic Avenue, 07004 | 201,305 | 1990 |
| Highpoint Corporate Center | 695 US Route 46, 07004 | 157,400 | 1989 |
| Fairfield 80 Office Center | 55 Lane Road, 07004 | 109,000 | 1989 |
| Greenbrook Corporate Center | 100 Passaic Avenue, 07006 | 199,300 | 1988 |
| Fairfield Commons | 271 US Route 46 West, 07004 | 133,119 | 1988 |
| 130 Clinton Road | 130 Clinton Road, 07004 | 57,785 | 1988 |
| 91 Clinton Rd | 91 Clinton Rd, 07004 | 15,210 | 1988 |
| 271 US Route 46 West #105/106 | 271 US Route 46 West, 07004 | 2,200 | 1988 |
| Airport Executive Center | 155 Passaic Avenue, 07004 | 88,000 | 1986 |
| Fairfield Business Center | 333 US Route 46 West, 07004 | 335,000 | 1975 |
Worth noting among recent office completions on the Fairfield market is Greenbrook Executive Center, which is currently the largest new office development in the city, at 201,305 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 Fairfield 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.