2024 Office Space Rent & Sales
- $26.17 2024 Avg. Asking Rent
- 15.11% 2024 Office Vacancy Rate
Trenton office price per square foot in 2024 was $26.17 on average. The local office market recorded an average vacancy rate of 15.11% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- New Jersey Class A & A+ Office Space$40.95
- New Jersey Class B Office Space$28.64
- New Jersey Class C Office Space$21.12
Trenton, NJ Office Asking Rents by Class
2024 Office Vacancy Rates in Trenton
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Trenton | $26.96 | 19.60% |
| Cranbury | $22.77 | 8.86% |
Office Spaces for Rent in New Jersey
Coworking Spaces in New Jersey
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2024 Office Construction in Trenton, NJ
| Office building | Address | SF | Completed |
|---|---|---|---|
| One State Street Square | 50 West State Street, 08625 | 266,995 | 1989 |
| Station Plaza III | 44 South Clinton Avenue, 08609 | 160,000 | 1988 |
| Station Plaza IV | 22 South Clinton Avenue, 08609 | 86,900 | 1985 |
| 240 West State Street | 240 West State Street, 08608 | 143,000 | 1969 |
| 171 Jersey Street | 171 Jersey Street, 08611 | 260,880 | 1953 |
| 15 W Front Street | 15 W Front street, 08608 | 16,000 | 1953 |
| 117-121 East State Street | 117-121 East State Street, 08608 | 49,500 | 1950 |
| 221 West Hanover Street | 221 West Hanover Street, 08618 | 40,000 | 1950 |
| 221 West Hanover Street | 221 West Hanover Street, 08618 | 40,000 | 1950 |
| Roebling Metro - Buildings 1-9 & 36 | 171 Jersey Street, 08611 | 260,880 | 1931 |
Worth noting among recent office completions on the Trenton market is One State Street Square, which is currently the largest new office development in the city, at 266,995 square feet.
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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Trenton 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.