2023 Office Space Rent & Sales
- $23.87 2023 Avg. Asking Rent
- 2.99% Y-o-Y Avg. Asking Rent Change
- 17.31% 2023 Office Vacancy Rate
Marlton office price per square foot in 2023 was $23.87 on average. This marked a +2.99% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 17.31% across all asset classes combined.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Marlton Class A & A+ Office Space$26.28
- Marlton Class B Office Space$23.70
- Marlton Class C Office Space$24.08
- New Jersey Class A & A+ Office Space$39.79
- New Jersey Class B Office Space$27.52
- New Jersey Class C Office Space$33.47
Marlton, NJ Office Asking Rents by Class
Average office rent in Marlton rested at $23.87 per square foot in 2023. 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 Marlton averaged $26.28 per square foot. Across all submarkets, class B office space recorded an average asking rent of $23.70 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $24.08 per square foot, on average. Comparably, statewide New Jersey average office rents by class in 2023 were: $39.79 per square foot for class A office space; $27.52 per square foot for class B office space; $33.47 per square foot for class C office space.
Coworking Spaces in New Jersey
- New York City Coworking Space
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Office building | Address | SF | Completed |
---|---|---|---|
95 Marlton Pike West | 95 Marlton Pike West, 08053 | 30,000 | 2019 |
119 Greentree Rd | 119 Greentree Rd, 08053 | 20,388 | 2007 |
119 Greentree Rd | 119 Greentree Rd, 08053 | 20,000 | 2007 |
Lake Center V | 50 Lake Center Drive, 08053 | 88,793 | 2006 |
Elmwood Business Building | 701 E Rte. 70, 08053 | 82,328 | 2005 |
Lake Center IV | 40 Lake Center Drive, 08053 | 90,000 | 2004 |
767 Route 70 East | 767 Route 70 East, Building B, 08053 | 10,700 | 2004 |
Elmwood Business Park | 773 East State Route 70, 08053 | 127,615 | 2002 |
Sagemore Corporate Center | 6000 Sagemore Drive, 08053 | 50,000 | 2000 |
Sagemore Corporate Center | 10000 Sagemore Drive, 08053 | 40,000 | 1999 |
Worth noting among recent office completions on the Marlton market is 95 Marlton Pike West, which is currently the largest new office development in the city, at 30,000 square feet.
See reports for other markets
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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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Marlton 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.