2023 Office Space Rent & Sales
- $43.19 2023 Avg. Asking Rent
- 0.73% Y-o-Y Avg. Asking Rent Change
- 14.89% 2023 Office Vacancy Rate
Edison office price per square foot in 2023 was $43.19 on average. This marked a +0.73% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 14.89% 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
Edison, NJ Office Asking Rents by Class
2023 Office Vacancy Rates in Edison
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Cranford - Union | $40.52 | 17.86% |
| I-287 South | $27.86 | 10.34% |
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 |
|---|---|---|---|
| Metroview Corporate Center | 343 Thornall Street, 08837 | 195,700 | 1991 |
| Metropark Corporate Campus - 379 Thornall Street | 379 Thornall Street, 08837 | 331,053 | 1986 |
| Business Center of Edison | 1090 King Georges Post Road, 08837 | 125,000 | 1986 |
| Edison Square West | 2035 Lincoln Highway, 08817 | 96,015 | 1986 |
| Raritan Plaza I | 110 Fieldcrest Avenue, 08817 | 263,061 | 1985 |
| 333 Thornall Street | 333 Thornall Street, 08837 | 196,128 | 1984 |
| 510 at MetroPark | 510 Thornall Street, 08837 | 64,352 | 1984 |
| Metroview Corporate Center I | 333 Thornall Street, 08837 | 200,000 | 1983 |
| 180 Raritan Center Pkwy | 180 Raritan Center Pkwy, 08837 | 362,000 | 1978 |
| 145 Talmadge Road | 145 Talmadge Road, 08817 | 656,255 | 1972 |
Worth noting among recent office completions on the Edison market is Metroview Corporate Center, which is currently the largest new office development in the city, at 195,700 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 Edison 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.