Highlights
- The average rent for office space in Jersey City is $42.54 per square foot, 12.44% lower compared to the previous year.
- The market’s vacancy rate stands at 23.59%, higher than the state average of New Jersey, which is 17.23%.
- 44,551 square feet is currently under construction.
2025 Office Space Rent & Sales
- $42.54 2025 Avg. Asking Rent
- -12.44% Y-o-Y Avg. Asking Rent Change
- 23.59% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Jersey City?
Average asking rents for office space here stand at $42.54 per square foot. The local office market recorded an average vacancy rate of 23.59% in 2025, unchanged from 23.59% in 2024.
Jersey City, 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.
2025 Office Construction in Jersey City, NJ
- Jersey City, NJ Total SF completed in 2025 17,747
- Jersey City, NJ Total SF under construction in 2026 44,551
How much office space was built in Jersey City in 2025?
Looking forward, development activity in 2026 is estimated to add 44,551 square feet of office space to the market in total.
What are the largest recent office completions in Jersey City?
The largest recent office completion here is 101 Hudson Street at 1,347,712 square feet, completed in 1992. The next largest completions are 101 Hudson Street and Newport - 480 Washington Blvd.
| Office building | Address | SF | Completed |
|---|---|---|---|
| The Arts & Powerhouse Building | 130 Bay Street, 07302 | 114,318 | 2022 |
| Newport - 480 Washington Blvd | 480 Washington Blvd, 07310 | 1,099,986 | 2005 |
| Newport - 100 Town Square Place | 100 Town Square Place, 07310 | 90,000 | 2003 |
| Harborside Financial Center 10 | 3 2nd Street, 07302 | 575,000 | 2002 |
| Colgate Center on the Hudson | 70 Hudson Street, 07302 | 438,158 | 2001 |
| Newport - 499 Washington Blvd | 499 Washington Blvd, 07310 | 550,000 | 2000 |
| Newport - 111 Town Square Place | 111 Town Square Place, 07310 | 480,000 | 1998 |
| Newport Tower | 525 Washington Blvd, 07310 | 1,099,067 | 1993 |
| 101 Hudson Street | 101 Hudson Street, 07302 | 1,347,712 | 1992 |
| 101 Hudson Street | 101 Hudson Street, 07302 | 1,246,283 | 1992 |
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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.