2023 Office Space Rent & Sales
- 3.16% Y-o-Y Avg. Asking Rent Change
- $473M2023 Total Office Sales
- $220.31Avg. Sale Price/SF
The 5 transactions that closed here throughout 2023 amounted to a total sale volume of $473M. Jersey City office space commanded an average sale price per square foot of $220.31.
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
Jersey City, NJ Office Asking Rents by Class
Jersey City Office Sale Price per SF
- $220.312023 Avg. Price per SF
- -42.83%Y-o-Y Avg. PpSF Change
- $473M2023 Office Sales Volume
- 52023 Number of Transactions
Jersey City, NJ Sale Price per SF Trend
- Jersey City Avg. Sale Price per SF in 2023$220.31
- New Jersey Avg. Sale Price per SF in 2023$141.86
2023 Office Sales Volume
- Jersey City, NJ Total Office Sales Volume in 2023 $473M
- Jersey City, NJ Total Number of Office Sales Closed in 2023 5
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
- Columbus Coworking Space
- Raleigh Coworking Space
- Pittsburgh Coworking Space
- Alexandria Coworking Space
- Durham Coworking Space
- Jersey City Coworking Space
- Cambridge Coworking Space
- Cleveland Coworking Space
- Queens Coworking Space
- Richmond Coworking Space
- Bethesda Coworking Space
- Asheville Coworking Space
2023 Office Construction in Jersey City, NJ
- Jersey City, NJ Total SF under construction in 2024 112,630
Office building | Address | SF | Completed |
---|---|---|---|
880 Bergen | 880 Bergen, 07306 | 45,000 | 2018 |
70 Greene St | 70 Greene Street, 07302 | 3,227 | 2010 |
Newport - 480 Washington Blvd | 480 Washington Blvd, 07310 | 1,099,986 | 2005 |
Goldman Sachs & Company Building | 30 Hudson Street, 07302 | 1,750,000 | 2004 |
30 Hudson | 30 Hudson Street, 07302 | 1,560,435 | 2004 |
Newport - 100 Town Square Place | 100 Town Square Place, 07310 | 90,000 | 2003 |
Harborside Financial Center 10 | 3 2nd Street, 07302 | 575,000 | 2002 |
Colgate Center on the Hudson | 70 Hudson Street, 07302 | 438,158 | 2001 |
Newport - 499 Washington Blvd | 499 Washington Blvd, 07310 | 550,000 | 2000 |
Liberty Innovation Center | 95 Greene Street, 07302 | 340,000 | 2000 |
Worth noting among recent office completions on the Jersey City market is 880 Bergen, which is currently the largest new office development in the city, at 45,000 square feet.
See reports for other markets
- Princeton Office Rent Price
- Cherry Hill Office Rent Price
- Marlton Office Rent Price
- Hamilton Office Rent Price
- Phoenix Office Rent Price
- Dallas Office Rent Price
- Manhattan Office Rent Price
- San Diego Office Rent Price
- Houston Office Rent Price
- Los Angeles Office Rent Price
- Atlanta Office Rent Price
- Chicago Office Rent Price
- Seattle Office Rent Price
- Washington Office Rent Price
- Denver Office Rent Price
- San Antonio 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 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 Jersey City 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.