Renewed interest in New Jersey’s suburban office properties, combined with consistently strong leasing activity downtown, has pushed average asking rents for office space to $26.42 per square foot, according to Transwestern’s Second-Quarter 2017 Office Market Report. Nearly $2 higher than it was just five years ago, the figure represents the market’s highest mid-year level since 2001.
Renewed interest in New Jersey’s suburban office properties, combined with consistently strong leasing activity downtown, has pushed average asking rents for office space to $26.42 per square foot, according to Transwestern’s Second-Quarter 2017 Office Market Report. Nearly $2 higher than it was just five years ago, the figure represents the market’s highest mid-year level since 2001.