2022 Office Space Rent & Sales
- $48.46 2022 Avg. Asking Rent
- -3.39% Y-o-Y Avg. Asking Rent Change
- 13.83% 2022 Office Vacancy Rate
Jersey City office price per square foot in 2022 was $48.46 on average. This marked a -3.39% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 13.83% across all asset classes combined.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Jersey City Class A & A+ Office Space$48.51
- Jersey City Class B Office Space$48.39
- New Jersey Class A & A+ Office Space$38.48
- New Jersey Class B Office Space$27.17
- New Jersey Class C Office Space$20.14
Jersey City, NJ Office Asking Rents by Class
Coworking Spaces in New Jersey
- New York City Coworking Space
- Manhattan Coworking Space
- Washington Coworking Space
- Brooklyn Coworking Space
- Boston Coworking Space
- Charlotte Coworking Space
- Philadelphia Coworking Space
- Columbus Coworking Space
- Cincinnati Coworking Space
- Raleigh Coworking Space
- Pittsburgh Coworking Space
- Alexandria Coworking Space
- Durham Coworking Space
- Cambridge Coworking Space
- Jersey City Coworking Space
- Queens Coworking Space
- Cleveland Coworking Space
- Asheville Coworking Space
- Bethesda Coworking Space
- Richmond Coworking Space
2022 Office Construction in Jersey City, NJ
- Jersey City, NJ Total SF under construction in 2023 112,630
Office building | Address | SF | Completed |
---|---|---|---|
Newport - 480 Washington Blvd | 480 Washington Blvd, 07310 | 1,099,986 | 2005 |
Goldman Sachs & Company Building | 30 Hudson Street, 07302 | 1,750,000 | 2004 |
30 Hudson | 30 Hudson Street, 07302 | 1,560,435 | 2004 |
Newport - 100 Town Square Place | 100 Town Square Place, 07310 | 90,000 | 2003 |
Newport Office Center VIII | 100 Town Square Place, 07310 | 90,000 | 2003 |
Harborside Financial Center 10 | 3 2nd Street, 07302 | 575,000 | 2002 |
Newport - 570 Washington Blvd | 570 Washington Blvd, 07310 | 350,000 | 2002 |
Colgate Center on the Hudson | 70 Hudson Street, 07302 | 438,158 | 2001 |
Newport Office Center IV | 545 Washington Boulevard, 07310 | 850,000 | 2000 |
Newport - 499 Washington Blvd | 499 Washington Blvd, 07310 | 550,000 | 2000 |
Worth noting among recent office completions on the Jersey City market is Newport - 480 Washington Blvd, which is currently the largest new office development in the city, at 1,099,986 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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Jersey City 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.