Family Office Briefing on research byLee & Associates·Jul 18, 2023
2023 Q2 New Jersey - Office
This report provides an overview of the New Jersey office market for Q2 2023.
Key Metrics
| Metric | Value |
|---|---|
| Vacancy Rate | 11.3% |
| Leasing Velocity | 2.4M SF |
| Net Absorption | -806,000SF |
| Average Asking Rate | 27.92$ PSF |
| Sales Volume | 683M |
| Cap Rate | 7.9% |
Metrics extracted from the source report and independently fact-checked. Method →
Full report
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