Family Office Briefing on research byLee & Associates·Oct 27, 2023
2023 Q3 New Jersey - Office
New Jersey office leasing activity declined to 2.3 million square feet in Q3 2023 — family offices should consider co-GP opportunities with disciplined operators.
Key Metrics
| Metric | Value |
|---|---|
| Leasing Activity | 2.3MM SF |
| Net Absorption | -1.1MM SF |
| Vacancy Rate | 11.5% |
| Average Asking Rate | 28.19$ PSF |
Metrics extracted from the source report and independently fact-checked. Method →
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