2023 Office Space Rent & Sales
- $21.41 2023 Avg. Asking Rent
- -1.21% Y-o-Y Avg. Asking Rent Change
- 26.54% 2023 Office Vacancy Rate
Fairfield office price per square foot in 2023 was $21.41 on average. This marked a -1.21% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 26.54% 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
Fairfield, NJ Office Asking Rents by Class
Office Spaces for Rent in New Jersey
- New York City Office Space
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- Hamilton Office Space
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
- Cincinnati Coworking Space
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- Richmond Coworking Space
- Bethesda Coworking Space
- Asheville Coworking Space
| Office building | Address | SF | Completed |
|---|---|---|---|
| Hollywood Office Park - 277 Fairfield Road | 277 Fairfield Road, 07004 | 90,000 | 2001 |
| Greenbrook Executive Center | 100 Passaic Avenue, 07004 | 201,305 | 1990 |
| Highpoint Corporate Center | 695 US Route 46, 07004 | 157,400 | 1989 |
| Fairfield 80 Office Center | 55 Lane Road, 07004 | 110,000 | 1989 |
| Fairfield 80 Office Center | 55 Lane Road, 07004 | 109,000 | 1989 |
| Fairfield Commons | 271 US Route 46 West, 07004 | 133,119 | 1988 |
| 130 Clinton Road | 130 Clinton Road, 07004 | 57,785 | 1988 |
| 250 Passaic Ave | 250 Passaic Ave, 07004 | 11,000 | 1988 |
| 271 US Route 46 West | 271 US Route 46 West, 07004 | 2,200 | 1988 |
| 271 US Route 46 West H201 | 271 US Route 46 West, 07004 | 815 | 1988 |
Worth noting among recent office completions on the Fairfield market is Hollywood Office Park - 277 Fairfield Road, which is currently the largest new office development in the city, at 90,000 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 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 Fairfield 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.