2023 Office Space Rent & Sales
- $19.15 2023 Avg. Asking Rent
- -1.03% Y-o-Y Avg. Asking Rent Change
- 7.50% 2023 Office Vacancy Rate
Mount Laurel office price per square foot in 2023 was $19.15 on average. This marked a -1.03% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 7.50% across all asset classes combined.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Mount Laurel Class B Office Space$21.01
- Mount Laurel Class C Office Space$18.22
- 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
Mount Laurel, NJ Office Asking Rents by Class
Coworking Spaces in New Jersey
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2023 Office Construction in Mount Laurel, NJ
Office building | Address | SF | Completed |
---|---|---|---|
Fellowship Corporate Center | 330 Fellowship Road, 08054 | 234,563 | 2006 |
1000 Bishops Gate Blvd | 1000 Bishops Gate Blvd, 08054 | 53,281 | 2004 |
400 Fellowship Road | 400 Fellowship Road, 08054 | 40,000 | 1995 |
Laurel Corporate Center - 10000 Midlantic Drive | 10000 Midlantic Drive, 08054 | 186,908 | 1991 |
Horizon Corporate Center | 1000 Crawford Place, 08054 | 39,445 | 1991 |
Century Corporate Center - 100 Century Pkwy | 100 Century Pkwy, 08054 | 61,150 | 1990 |
Cambridge Crossing - 1001 Briggs Road | 1001 Briggs Road, 08054 | 63,545 | 1988 |
Gateway Business Park - 200 East Park Drive | 200 East Park Drive, 08054 | 65,069 | 1987 |
Gateway Business Park - 521, 523 & 525 Fellowship Road | 525 Fellowship Road, 08054 | 183,863 | 1986 |
Horizon Corporate Center - 2000 Crawford Place & 3000 Atrium Way | 2000 Crawford Place, 08054 | 182,429 | 1986 |
Worth noting among recent office completions on the Mount Laurel market is Fellowship Corporate Center, which is currently the largest new office development in the city, at 234,563 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 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 Mount Laurel 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.