Office for Sale in Parsippany, NJ

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

Description

Now available for lease, office Arbor Circle North located at 7 Sylvan Way Parsippany, New Jersey 07054. Available square footage 12,461 SF.

Market Context

This office in Parsippany, NJ is listed for sale. It has been on the market for 93 days. Compare it against other office listings for sale in Parsippany, NJ — <a href="/search/sale/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 assets trade 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

$22.53/SF – $26.50/SF

Mid: $26.50/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

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