Edison Office Rent Price & Sales Report

2020 Office Space Rent & Sales

  • $34.81 2020 Avg. Asking Rent
  • 2.43% Y-o-Y Avg. Asking Rent Change
  • 18.26% 2020 Office Vacancy Rate

Edison office price per square foot in 2020 was $34.81 on average. This marked a +2.43% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 18.26% across all asset classes combined.

Average Rent by Office Class

2020 Average Office Rent per Square Foot

  • Edison Class A Office Space$37.64
  • Edison Class B Office Space$26.27
  • Edison Class C Office Space$24.74
  • New Jersey Class A Office Space$36.84
  • New Jersey Class B Office Space$26.76
  • New Jersey Class C Office Space$20.32

Edison, NJ Office Asking Rents by Class

Average office rent in Edison rested at $34.81 per square foot in 2020. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Edison averaged $37.64 per square foot. Across all submarkets, class B office space recorded an average asking rent of $26.27 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $24.74 per square foot, on average. Comparably, statewide New Jersey average office rents by class in 2020 were: $36.84 per square foot for class A office space; $26.76 per square foot for class B office space; $20.32 per square foot for class C office space.

2020 Office Vacancy Rates in Edison

Submarket Asking Rents Vacancy Rates
Cranford - Union $37.55 25.59%
I-287 South $26.90 10.67%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Edison market was 18.26% in 2020. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Edison was 10.67% in the I-287 South submarket, while the highest office vacancy in the market was 25.59%, recorded in Cranford - Union.

Office Spaces for Rent in New Jersey

2020 Office Construction in Edison, NJ

  • Edison, NJ Total SF completed in 2020

During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Edison office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.

Largest Office Properties Recently Completed in Edison
Office building Address SF Completed
102 James Street 102 James Street, 08822 26,769 2004
Toranco Oak Tree Plaza 2163 Oak Tree Road, 08820 85,809 2000
Toranco Office Park - 3910 Park Avenue 3910 Park Avenue, 08820 39,536 1999
225 May Street 225 May Street, 08837 35,335 1999
JFK Medical Center - Office Complex 80 James Street, 08820 55,236 1995
4 Progress Street 4 Progress Street, 08820 28,908 1992
2015 Lincoln Hwy 2015 Lincoln Hwy, 08817 37,635 1991
515 Plainfield Avenue 515 Plainfield Avenue, 08817 31,319 1989
Metroplex Corporate Center - 200 Metroplex Drive 200 Metroplex Drive, 08817 127,849 1988
Edison Square West 2035 Lincoln Hwy, 08817 97,380 1988

Worth noting among recent office completions on the Edison market is 102 James Street, which is currently the largest new office development in the city, at 26,769 square feet.

Data provided by Commercial Edge

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 Edison 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.