Office for Lease in Parsippany, NJ

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Parsippany, NJ 07054

Description

Commercial property listing from JLL. Property: 3 Century Dr.

Market Context

This office in Parsippany, NJ is listed for lease. It has been on the market for 135 days. Compare it against other office listings for lease in Parsippany, NJ — <a href="/search/lease/office/new-jersey/parsippany">view the full market</a>.

As of Q1 2025, the New Jersey office market showed a 20.5% vacancy rate, average asking rents near $33.00/SF/yr, and rents up 4.1% year over year. Source: Consensus Q1 2025 market report.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Office market FAQ

Is the New Jersey office market tightening or softening?
Vacancy is around 20.5%, with asking rents rising year over year (Q1 2025).

Unified Estimate

Medium Confidence

$2.31/SF/mo – $3.13/SF/mo

Mid: $2.72/SF/mo

Rate estimator only; cost-of-business estimate unavailable.

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