2023 Office Space Rent & Sales
- $21.77 2023 Avg. Asking Rent
- 26.71% 2023 Office Vacancy Rate
Cherry Hill office price per square foot in 2023 was $21.77 on average. The local office market recorded an average vacancy rate of 26.71% 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
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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2023 Office Construction in Cherry Hill, NJ
| Office building | Address | SF | Completed |
|---|---|---|---|
| 95 Marlton Pike West | 95 Marlton Pike West, 08053 | 30,000 | 2019 |
| Towne Place at Garden State Park | 951 Haddonfield Road, 08002 | 348,139 | 2004 |
| Libertyview | 457 Haddonfield Road, 08002 | 121,737 | 1990 |
| Woodcrest Pavilion | 10 Melrose Avenue, 08003 | 49,569 | 1990 |
| 107 Berlin Rd | 107 Berlin Rd, 08034 | 4,372 | 1989 |
| Cherry Hill Business Park - 7 Carnegie Plaza | 7 Carnegie Plaza, 08003 | 90,804 | 1988 |
| 1916 Old Cuthbert Rd | 1916 Old Cuthbert Rd, 08034 | 21,724 | 1988 |
| Colwick Business Center | 57 Haddonfield Road, 08002 | 174,658 | 1987 |
| 51 Haddonfield | 51 Haddonfield Road, 08002 | 96,000 | 1987 |
| 1701 State Route 70 East | 1701 State Route 70 East, 08003 | 73,542 | 1986 |
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.
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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 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.