Morris County is located strategically in the Northeast Corridor. Your business will be accessible by transportation networks of all kinds, including Interstate 287, Interstate 80, Interstate 280, Interstate 24, Route 206, Route 10, and Route 15, and Route 46. New York City is 30 miles; Philadelphia, 90 miles; Washington DC, 234 miles; and Boston, 292 miles. Given that 56 million residents live within a 5 hour drive of Morris County, you will be choosing a prime location for the transport of goods and services throughout the northeast.
From Parsippany-Troy Hills to Mount Olive Township, the Morris County real estate market offers a very broad range of properties and communities to call “home” for your business.
According to Transwestern’s recent data, Morris County industrial market is sized at 40+ million square feet. Vacancy rate are low. The average asking rent hovers around $6.50 per square foot. There is a similar amount of total office inventory, although the vacancy rate is generally higher. The asking rent per square foot hovers around $26/SF.