Morris Plains Office Market Trends

Office Rental Market

  • $27.26 2019 Avg. Asking Rent
  • 25.17 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Morris Plains was $27.26 per square foot, and the office vacancy rate across the market averaged 25.17 %. During 2019, developers added 0 square feet of new office space to the Morris Plains 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

  • Morris Plains Class B Office Buildings$27.26
  • NJ Class A Office Buildings$34.44
  • NJ Class B Office Buildings$27.61
  • NJ Class C Office Buildings$19.72

Morris Plains, NJ Office Asking Rents by Class

OFFICE CONSTRUCTION IN Morris Plains, NJ

  • Morris Plains, NJ Total Sqft completed in 2019 0
  • Morris Plains, NJ Total Sqft under construction in 2020 0
10 Largest Office Buildings in Morris Plains
Building name Address Total Sqft Year built
The Crossing at Tabor Road 115 Tabor Road, 07950 465,000 2007
185 Tabor Road 185 Tabor Road, 07950 240,000 2007
225 Littleton Road 225 Littleton Road, 07950 127,000 1980
American Enterprise Park - 100 American Road 100 American Road, 07950 126,208 1986
American Enterprise Park - 400 American Road 400 American Road, 07950 94,540 1990
Mack-Cali Lakeview Plaza 201 Littleton Road (Route 202), 07950 86,000 1980
520 Speedwell Avenue 520 Speedwell Avenue, 07950 28,000 1979
736 Speedwell Ave 736 Speedwell Ave, 07950 8,605 1920
442 Speedwell Ave 442 Speedwell Ave, 07950 2,754 1954
Largest Office Properties Recently Completed in Morris Plains
Office building Address Sqft Completed
The Crossing at Tabor Road 115 Tabor Road, 07950 465,000 2007
185 Tabor Road 185 Tabor Road, 07950 240,000 2007
American Enterprise Park - 400 American Road 400 American Road, 07950 94,540 1990
American Enterprise Park - 100 American Road 100 American Road, 07950 126,208 1986
225 Littleton Road 225 Littleton Road, 07950 127,000 1980
520 Speedwell Avenue 520 Speedwell Avenue, 07950 28,000 1979
Data provided by Commercial Edge

Office Spaces for Rent in New Jersey

See trends for nearby markets

The Morris Plains office market contains an inventory of 1,836,932 square feet of office space, in 16 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 Morris Plains 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.