2020 Office Space Rent & Sales
- $22.07 2020 Avg. Asking Rent
- 1.43% Y-o-Y Avg. Asking Rent Change
- 18.17% 2020 Office Vacancy Rate
Moorestown office price per square foot in 2020 was $22.07 on average. This marked a +1.43% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 18.17% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Moorestown Class B Office Space$23.87
- Moorestown Class C Office Space$17.55
- New Jersey Class A Office Space$36.84
- New Jersey Class B Office Space$26.76
- New Jersey Class C Office Space$20.32
Moorestown, NJ Office Asking Rents by Class
2020 Office Construction in Moorestown, NJ
- Moorestown, 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 Moorestown office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 728 Marne Hwy | 728 Marne Hwy, 08057 | 29,742 | 2008 |
| Pavilions at Moorestown | 740 Marne Hwy, 08057 | 26,040 | 2007 |
| 1270 Glen Avenue | 1270 Glen Avenue, 08057 | 30,470 | 2003 |
| Moorestown West Corporate Center - 840 & 844 North Lenola Road | 840 North Lenola Road, 08057 | 66,970 | 1997 |
| 650 Centerton Road | 650 Centerton Road, 08057 | 76,425 | 1995 |
| Moorestown West Corporate Center - 2, 40, 41 & 50 Twosome Drive | 2 Twosome Drive, 08057 | 165,990 | 1991 |
| 5 Twosome Drive | 5 Twosome Drive, 08057 | 27,794 | 1991 |
| 121 Whittendale Drive | 121 Whittendale Drive, 08057 | 140,000 | 1990 |
| Blason Plaza | 509 South Lenola Road, 08057 | 49,017 | 1990 |
| Moorestown West Corporate Center - 102 Executive Drive | 102 Executive Drive, 08057 | 64,000 | 1989 |
Worth noting among recent office completions on the Moorestown market is 728 Marne Hwy, which is currently the largest new office development in the city, at 29,742 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 Moorestown 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.