2024 Office Space Rent & Sales
- $22.55 2024 Avg. Asking Rent
- 3.59% Y-o-Y Avg. Asking Rent Change
- 22.46% 2024 Office Vacancy Rate
Cherry Hill office price per square foot in 2024 was $22.55 on average. This marked a +3.59% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 22.46% 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
Cherry Hill, NJ Office Asking Rents by Class
Office Spaces for Rent in New Jersey
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Coworking Spaces in New Jersey
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| Office building | Address | SF | Completed |
|---|---|---|---|
| 95 Marlton Pike West | 95 Marlton Pike West, 08053 | 30,000 | 2019 |
| 2321 Route 70 W | 2321 Route 70 W, 08002 | 74,923 | 2006 |
| Towne Place at Garden State Park | 951 Haddonfield Road, 08002 | 348,139 | 2004 |
| Libertyview | 457 Haddonfield Road, 08002 | 121,737 | 1990 |
| 121,000 SF, 7-Story Class A Office Building, +-85% occupied, Philadelphia MSA | 457 Haddonfield Road, 08002 | 121,694 | 1990 |
| Woodcrest Pavilion | 10 Melrose Avenue, 08003 | 49,569 | 1990 |
| 107 Berlin Rd | 107 Berlin Rd, 08034 | 4,372 | 1989 |
| 532 Route 70 West | 532 Route 70 West, 08002 | 3,500 | 1989 |
| 1916 Old Cuthbert Rd | 1916 Old Cuthbert Rd, 08034 | 21,724 | 1988 |
| Colwick Business Center | 57 Haddonfield Road, 08002 | 174,658 | 1987 |
Worth noting among recent office completions on the Cherry Hill 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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- Miami Office Rent Price
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 Cherry Hill 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.