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Warren Office Rent Price & Sales Report

2020 Office Space Rent & Sales

  • $31.88 2020 Avg. Asking Rent
  • 59.42% 2020 Office Vacancy Rate

Warren office price per square foot in 2020 was $31.88 on average. The local office market recorded an average vacancy rate of 59.42% across all asset classes combined.

Average Rent by Office Class

2020 Average Office Rent per Square Foot

  • Warren Class A Office Space$36.80
  • Warren Class B Office Space$30.00
  • Warren Class C Office Space$25.39
  • New Jersey Class A Office Space$36.84
  • New Jersey Class B Office Space$26.76
  • New Jersey Class C Office Space$20.32

Warren, NJ Office Asking Rents by Class

Average office rent in Warren rested at $31.88 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 Warren averaged $36.80 per square foot. Across all submarkets, class B office space recorded an average asking rent of $30.00 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $25.39 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 Construction in Warren, NJ

  • Warren, 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 Warren 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 Warren
Office building Address SF Completed
King George Plaza 266 King George Road, 07059 26,000 2011
Warren Office Center 34 Mountain Blvd, 07059 58,171 2003
3 Mountainview Road 3 Mountainview Road, 07059 102,778 2002
Mount Bethel Corporate Center - 33 Technology Drive 33 Technology Drive, 07059 104,997 2000
30 Independence Blvd 30 Independence Blvd, 07059 207,252 1997
Warren Corporate Center - Building 200 200 Warren Corporate Center Drive, 07059 156,100 1996
Warren Corporate Center - Building 100 100 Warren Corporate Center Drive, 07059 156,100 1996
Warren Innovation Center - 30 Technology Drive 30 Technology Drive, 07059 100,619 1989
Warren Innovation Center - 40 & 45 Technology Drive 40 Technology Drive, 07059 138,728 1988
15 Independence Blvd 15 Independence Blvd, 07059 107,150 1987

Worth noting among recent office completions on the Warren market is King George Plaza, which is currently the largest new office development in the city, at 26,000 square feet.

Data provided by Commercial Edge

See reports for nearby markets

  • New York City Office Rent Price
  • Brooklyn Office Rent Price
  • White Plains Office Rent Price
  • Jersey City Office Rent Price
  • Edison Office Rent Price
  • Piscataway Office Rent Price
  • Yonkers Office Rent Price
  • South Plainfield Office Rent Price

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 Warren 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.

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