2023 Office Space Rent & Sales
- $43.83 2023 Avg. Asking Rent
- -0.06% Y-o-Y Avg. Asking Rent Change
- 17.19% 2023 Office Vacancy Rate
Iselin office price per square foot in 2023 was $43.83 on average. This marked a -0.06% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 17.19% 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
Iselin, 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 |
|---|---|---|---|
| Centra Metropark | 186 Wood Avenue South, 08830 | 110,500 | 2011 |
| MetroTop Plaza II | 111 Wood Avenue South, 08830 | 255,000 | 2010 |
| The Offices at Metropark - 194 Wood Avenue South | 194 Wood Avenue South, 08830 | 403,000 | 2000 |
| The Offices at Metropark/Prudential Bldg | 194 Wood Avenue South, 08830 | 470,690 | 1999 |
| 101 Wood Avenue South | 101 Wood Avenue South, 08830 | 262,841 | 1990 |
| Metro 101 | 101 Wood Avenue South, 08830 | 272,817 | 1989 |
| Woodbridge Place | 517 US Route 1 South, 08830 | 146,600 | 1987 |
| Metro Corporate Campus I | 99 Wood Avenue South, 08830 | 271,000 | 1986 |
| Woodbridge Towers | 555 US Route 1 South, 08830 | 85,109 | 1983 |
| Woodbridge Corporate Plaza | 485 US Route 1 South, 08830 | 629,184 | 1981 |
Worth noting among recent office completions on the Iselin market is Centra Metropark, which is currently the largest new office development in the city, at 110,500 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 Iselin 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.