Jersey City Office Market Trends

Office Rental Market

  • $53.04 2019 Avg. Asking Rent
  • 12.75 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Jersey City was $53.04 per square foot, and the office vacancy rate across the market averaged 12.75 %. During 2019, developers added 0 square feet of new office space to the Jersey City market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Jersey City Class A Office Buildings$53.85
  • Jersey City Class B Office Buildings$48.39
  • NJ Class A Office Buildings$34.44
  • NJ Class B Office Buildings$27.61
  • NJ Class C Office Buildings$19.72

Jersey City, NJ Office Asking Rents by Class

OFFICE CONSTRUCTION IN Jersey City, NJ

  • Jersey City, NJ Total Sqft completed in 2019 0
  • Jersey City, NJ Total Sqft under construction in 2020 0
10 Largest Office Buildings in Jersey City
Building name Address Total Sqft Year built
30 Hudson 30 Hudson Street, 07302 1,560,435 2004
101 Hudson Street 101 Hudson Street, 07302 1,246,283 1992
101 Hudson Street 101 Hudson Street, 07302 1,246,283 1992
Newport - 480 Washington Blvd 480 Washington Blvd, 07310 1,099,986 2005
Newport Office Tower 525 Washington Boulevard, 07310 1,061,000 1991
Harborside Financial Center Plaza 5 5 Harborside Plaza, 07311 977,225 2002
Harborside Plaza 5 185 Hudson Street, 07302 976,072 2002
Newport - 545 Washington Blvd 545 Washington Blvd, 07310 861,000 2001
Newport Office Center IV 545 Washington Boulevard, 07310 850,000 2000
Newport - 575 Washington Blvd 575 Washington Blvd, 07310 807,000 2000
Largest Office Properties Recently Completed in Jersey City
Office building Address Sqft Completed
1 Jackson Square 1 Jackson Square, 07305 45,000 2018
325 West Side Avenue 325 West Side Avenue, 07305 36,067 2012
631 Grand Street 631 Grand Street, 07304 30,954 2011
Jersey City Medical Center - Medical Office Building 377 Jersey Avenue, 07302 75,198 2010
Newport - 480 Washington Blvd 480 Washington Blvd, 07310 1,099,986 2005
30 Hudson 30 Hudson Street, 07302 1,560,435 2004
Newport - 100 Town Square Place 100 Town Square Place, 07310 90,000 2003
Harborside Financial Center Plaza 5 5 Harborside Plaza, 07311 977,225 2002
Harborside Financial Plaza 10 3 South 2nd Street, 07311 577,575 2002
Newport - 570 Washington Blvd 570 Washington Blvd, 07310 350,000 2002
Data provided by Commercial Edge

Office Spaces for Rent in New Jersey

See trends for nearby markets

The Jersey City office market contains an inventory of 16,502,140 square feet of office space, in 40 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Jersey City 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.