2023 Office Space Rent & Sales
- $41.24 2023 Avg. Asking Rent
- 26.83% 2023 Office Vacancy Rate
Bridgewater office price per square foot in 2023 was $41.24 on average. The local office market recorded an average vacancy rate of 26.83% 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
2023 Average Office Rent per Square Foot
- 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
Bridgewater, NJ Office Asking Rents by Class
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Office building | Address | SF | Completed |
---|---|---|---|
77 Corporate Drive | 77 Corporate Drive, 08807 | 205,439 | 2011 |
Somerset Corporate Center - 300 Somerset Corporate Blvd | 300 Somerset Corporate Blvd, 08807 | 310,000 | 2001 |
Somerset Corporate Center - 200 Somerset Corporate Blvd | 200 Somerset Corporate Blvd, 08807 | 256,000 | 2000 |
The Crescent At Bridgewater | 501 Route 22 West, 08807 | 419,727 | 1989 |
501 State Route 22 | 501 State Route 22, 08807 | 448,161 | 1988 |
Raritan Valley Professional Center Building 1 | 575 Route 28, 08869 | 50,992 | 1988 |
Bedminster 78 Corp Center | 685 Route 202/206, 08807 | 139,000 | 1986 |
95 Corporate Drive | 95 Corporate Drive, 08807 | 117,937 | 1984 |
Bridgewater 22 Business Center - 981 & 991 US Highway 22 | 991 US Highway 22, 08807 | 65,811 | 1982 |
757 US Route 202/206 | 757 US Route 202/206, 08807 | 48,500 | 1980 |
Worth noting among recent office completions on the Bridgewater market is 77 Corporate Drive, which is currently the largest new office development in the city, at 205,439 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 Bridgewater 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.