Commercial Real Estate2018-10-03T20:19:15+00:00

Commercial Real Estate

Largest Office Market in Northern New Jersey

Click on the images below to download Transwestern’s Q3 2018 Real Estate Market Overview

Morris County is located strategically in the Northeast Corridor, accessible to nearly every kind of transportation network available (Interstate 287, Interstate 80, Interstate 280, Interstate 24, Route 206, Route 10, and Route 15, and Route 46 all travel throughout the county). New York City is only 30 miles; Philadelphia, 90 miles; Washington DC, 234 miles; and Boston, 292 miles. 56 million residents live within a 5 hour drive of Morris County, making it 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 contained over 40 million square feet, with a vacancy rate of approximately 7.8%. The average asking rent is $6.72 per square foot. There is over 39 million square feet of total office inventory with a vacancy rate of 19.8%. The asking rent per square foot is $25.99.

Transwestern Office and Industrial Market Reports

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