Florham Park Office Market Trends

Office Rental Market

  • $36.47 2019 Avg. Asking Rent
  • 11.47 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Florham Park was $36.47 per square foot, and the office vacancy rate across the market averaged 11.47 %. During 2019, developers added 0 square feet of new office space to the Florham Park 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

  • Florham Park Class A Office Buildings$41.92
  • Florham Park Class B Office Buildings$31.42
  • NJ Class A Office Buildings$34.44
  • NJ Class B Office Buildings$27.61
  • NJ Class C Office Buildings$19.72

Florham Park, NJ Office Asking Rents by Class

OFFICE CONSTRUCTION IN Florham Park, NJ

  • Florham Park, NJ Total Sqft completed in 2019 0
  • Florham Park, NJ Total Sqft under construction in 2020 0
10 Largest Office Buildings in Florham Park
Building name Address Total Sqft Year built
Park Avenue at Morris County - 100 Campus Drive 100 Campus Drive, 07932 370,681 1989
Park Place 200 Park Avenue, 07932 351,955 2001
BASF North American Headquarters 100 Park Avenue, 07932 271,346 2012
160 Park Avenue 160 Park Avenue, 07932 259,989 2001
ADP Florham Park 71 Hanover Road, 07932 236,051 1978
180 Park Avenue 180 Park Avenue, 07932 221,706 2001
Park Avenue at Morris County - 200 Campus Drive 200 Campus Drive, 07932 189,236 1992
Park Avenue at Morris County - 400 Campus Drive 400 Campus Drive, 07932 182,963 1998
Park Avenue at Morris County - 500 Campus Drive 500 Campus Drive, 07932 180,752 1999
325 Columbia Turnpike 325 Columbia Turnpike, 07932 168,144 1987
Largest Office Properties Recently Completed in Florham Park
Office building Address Sqft Completed
150 Park Avenue 150 Park Avenue, 07932 130,000 2018
The Green at Florham Park - 140 Park Avenue 140 Park Avenue, 07932 100,000 2015
BASF North American Headquarters 100 Park Avenue, 07932 271,346 2012
Park Place 200 Park Avenue, 07932 351,955 2001
160 Park Avenue 160 Park Avenue, 07932 259,989 2001
180 Park Avenue 180 Park Avenue, 07932 221,706 2001
Park Avenue at Morris County - 500 Campus Drive 500 Campus Drive, 07932 180,752 1999
Park Avenue at Morris County - 300 Campus Drive 300 Campus Drive, 07932 102,801 1999
Park Avenue at Morris County - 400 Campus Drive 400 Campus Drive, 07932 182,963 1998
Park Avenue at Morris County - 600 Campus Drive 600 Campus Drive, 07932 99,401 1998
Data provided by Commercial Edge

Office Spaces for Rent in New Jersey

See trends for nearby markets

The Florham Park office market contains an inventory of 4,363,712 square feet of office space, in 33 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 Florham Park 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.