2023 Office Space Rent & Sales
- $23.56 2023 Avg. Asking Rent
- 18.12% 2023 Office Vacancy Rate
Moorestown office price per square foot in 2023 was $23.56 on average. The local office market recorded an average vacancy rate of 18.12% 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
Moorestown, 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 Moorestown, NJ
- Moorestown, NJ Total SF completed in 2023 166,000
During 2023, 166,000 square feet of new office space were delivered across the market. At the close of 2023, the Moorestown office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 166,000 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Virtua Health & Wellness Center - Moorestown | 401 Young Avenue, 08057 | 181,236 | 2012 |
| Pavilions at Moorestown | 740 Marne Hwy, 08057 | 26,040 | 2007 |
| Blason Plaza | 509 South Lenola Road, 08057 | 49,017 | 1990 |
| Harper Place Building 2 | 302 Harper Drive, 08057 | 36,232 | 1987 |
| Moorestown Corporate Center 3 | 232 Strawbridge Dr, 08057 | 74,258 | 1985 |
| Corporate Center @ Moorestown | 224 Strawbridge Drive, 08057 | 218,407 | 1984 |
| 341 New Albany Road | 341 New Albany Road, 08057 | 40,500 | 1968 |
| 505-509 Pleasant Valley Avenue | 505-509 Pleasant Valley Avenue, 08057 | 10,627 | 1950 |
| Victoria Arts Medical Building | 701 - 703 E Main Street, 08057 | 10,000 | 1945 |
Worth noting among recent office completions on the Moorestown market is Virtua Health & Wellness Center - Moorestown, which is currently the largest new office development in the city, at 181,236 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 Moorestown 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.