South Jersey Office Space for Lease in Haddon Heights NJ

515 Grove StreetWolf Commercial Real Estate, a leading Southern New Jersey commercial real estate brokerage firm with expertise in South Jersey commercial real estate listings and services, now has available South Jersey office space for lease in the Grove Office Plaza at 515 Grove Street Haddon Heights NJ.

This Southern New Jersey office space for lease is located in an affordable, mid-rise South Jersey office building for lease. There are three suites with between 1,050 square feet to 4,670 square feet of professional office space in South Jersey available in this Haddon Heights office space for lease.

The first floor of this South Jersey office building for lease currently has one suite available with 2,800 square feet of professional office space in Haddon Heights.  An additional two suites on the third floor of  this Southern New Jersey office space for lease also are being offered, one with 1,050 square feet and one with 4,670 square feet of Haddon Heights office space for lease.

The asking lease price of this professional office space in South Jersey is $15.50/sf gross plus utilities and janitorial service.  This South Jersey office space for lease in the Grove Office Plaza at 515 Grove Street Haddon Heights NJ is available for immediate occupancy through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

This professional office space in Haddon Heights is located immediately off Exit 29 of I-295, providing easy access to points North and South.  This South Jersey office building for lease also is served by public transportation that is available along nearby Route 30 (the White Horse Pike).

This South Jersey office space for lease features monument/tenant directory signage at the intersection of Route 30 and Grove Street.  At a ratio of 4/1,000 sf, parking is plentiful at this professional office space in South Jersey offered through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate brokerage firm with expertise in South Jersey commercial real estate listings and services.

On average, more than 33,000 vehicles per day travel along the White Hose Pike near the entrance to this Haddon Heights office space for lease at 515 Grove Street Haddon Heights NJ. Nearly 120,000 people reside within a three-mile radius of this Southern New Jersey office space for lease in the Grove Office Plaza.

For more information about this professional office space in Haddon Heights in the Grove Office Plaza at 515 Grove Street Haddon Heights NJ, or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) or Christina Del Duca (856-857-6304; christina.delduca@wolfcre.com) at Wolf Commercial Real Estate, a premier Southern New Jersey commercial real estate broker.

Wolf Commercial Real Estate is a premier Southern New Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our Southern New Jersey commercial real estate brokerage firm.

Class A South Jersey Office Space for Lease in Cherry Hill

1926 Greentree RoadWolf Commercial Real Estate, the foremost South Jersey commercial real estate brokerage firm with expertise in Southern New Jersey commercial real estate listings and services, is now offering highly desirable and unique South Jersey office space for lease at 1926 Greentree Road Cherry Hill NJ.

This South Jersey office building for lease provides 3,000 square feet of Class A professional office space in South Jersey.  Located near the intersection of Greentree Road and Springdale Road, this Southern New Jersey office space for lease at 1926 Greentree Road Cherry Hill NJ is housed in an attractive professional office building with striking architectural details.

The asking lease price of this professional office space in South Jersey is $19.00/sf gross plus utilities and janitorial.  This Southern New Jersey office space for lease is available for immediate occupancy through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services.

This Class A South Jersey office building for lease features high-end office fit-out and finishes.  Monument signage is available to tenants at this South Jersey office space for lease at 1926 Greentree Road Cherry Hill NJ.  This Southern New Jersey office space for lease enjoys on-site ownership and management.

There is a free basement storage unit available with the lease of this professional office space in South Jersey.  Parking at this Southern New Jersey office space for lease is ample.  This South Jersey office building for lease is being offered through Wolf Commercial Real Estate, a South Jersey commercial real estate broker with expertise in Southern New Jersey commercial real estate listings and services.

From its centralized location at 1926 Greentree Road Cherry Hill NJ, this South Jersey office space for lease is easily accessible from Routes 70 and 73, as well as 1-295, which is approximately one mile away.   This South Jersey office building for lease also is within close proximity to area restaurants and retail establishments.

More than 215,600 people live within a five-mile radius of this Southern New Jersey office space for lease.  The average household income within the same five-mile radius of this professional office space in South Jersey is $103,400.

For more information about this South Jersey office space for lease at 1926 Greentree Road Cherry Hill NJ or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) or Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services.

Wolf Commercial Real Estate is a premier South Jersey commercial real estate brokerage firm that provides a full range of Southern New Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

South Jersey Office Space for Sale or Lease in Voorhees NJ

1 Alpha Avenue - newWolf Commercial Real Estate, a premier Southern New Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services, is offering unique South Jersey office space for sale or lease at 1 Alpha Avenue Voorhees NJ.

This well-located Southern New Jersey office space for sale or lease presents the opportunity to purchase a South Jersey commercial building that has an elevator. This Voorhees office space for sale or lease is a great fit for any professional or medical user.

The asking lease price for this South Jersey professional office space for sale or lease at 1 Alpha Avenue Voorhees NJ is $14.50/sf Full Service.  The asking sale price for this professional office space in Voorhees is $1.575,000. This Southern New Jersey office space for sale or lease is available for immediate occupancy through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker that specializes in Voorhees commercial real estate listings and services.

This South Jersey office building for sale or lease provides +/-1,000-20,000 square feet of divisible South Jersey office space for sale or lease.  This South Jersey professional office space for sale or lease at 1 Alpha Avenue Voorhees NJ is in the Ashland Office Center. This South Jersey office building for sale or lease has two stories. This Voorhees office space for sale or lease also has monument and building signage available.

With convenient access to I-295, this Southern New Jersey office space for sale or lease is near the Ashland Station of the PATCO High-Speed Line. There are numerous amenities in close proximity to this professional office space in Voorhees that is being offered for sale or lease by Wolf Commercial Real Estate, Southern New Jersey commercial real estate brokerage firm that specializes in Voorhees commercial real estate listings and services.

Just fewer than 260,000 people live within five miles of this South Jersey professional office space for sale or lease at 1 Alpha Avenue Voorhees NJ.  The average household income within the same five-mile radius of this Voorhees office space for sale or lease is just less than $90,000.

This professional office space in Voorhees has had recent capital improvements completed to the roof and exterior.  Parking at this South Jersey office building for sale or lease is ample.

For more information about this South Jersey office space for sale or lease at 1 Alpha Avenue Voorhees NJ or about any other South Jersey commercial properties for sale or lease, please contact Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) or Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings as well as Voorhees commercial real estate listings.

Wolf Commercial Real Estate is a leading Southern New Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our Southern New Jersey commercial real estate brokerage firm.

2015 Off to a Strong Start for South Jersey Office Space

research information graphicThe South Jersey commercial real estate market, which includes South Jersey office space, is off to a strong start in 2015, continuing the momentum seen during the fourth quarter 2014, according to a new report from Wolf Commercial Real Estate, a Southern New Jersey commercial real estate brokerage firm with expertise in South Jersey commercial real estate listings and services.

The firm’s latest quarterly analysis noted that some challenges remain, but that the Southern New Jersey office space market has been lifted by a busy quarter among major healthcare institutions, investors, and large tenants.

“The moves we’ve seen this quarter signal significant business expansion and job growth,” said Jason Wolf, founder and managing principal of Wolf Commercial Real Estate. “This has helped to boost commercial real estate confidence and lending conditions, leading to a more optimistic atmosphere that is expected to continue throughout 2015.”

The quarterly report details big moves announced and/or anticipated by major players in the market for office space in South Jersey.  Among them are Virtua’s planned 62,000-square-foot office relocation later in the fall and the sale of two of Brandywine Realty Trust’s trophy assets to out-of-market investors. The two buildings, Libertyview and 1000 Atrium Way, total 221,405 square feet, and sold for an average of approximately $134/sf.

The first quarter posted approximately 472,154 square feet of new leases and renewals executed in the South Jersey office space market, according to the report from Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services. This represents a 7% increase in executed transactions over the 441,141 square feet of office space in Southern New Jersey that closed during the first quarter a year ago, the company said.

New tenant leases consisted of approximately 186,427 square feet and renewals and expansions made up approximately 285,727 square feet in the market for office space in South Jersey . New leasing activity represented approximately 39.5% of all deals for office space in Southern New Jersey for the first quarter. Overall, gross absorption for Q1 is in the range of approximately 255,161 square feet of Southern New Jersey office space. In addition to the consummated deals, there is a pipeline of approximately 450,000 square feet of significant pending lease deals for South Jersey office space that are expected to close in the near term, the Southern New Jersey commercial real estate brokerage firm’s report said.

Other highlights for the Southern New Jersey office space market from the report:

  • GROW NJ continues to draw interested companies to the state, with 10 projects approved for $84.6 million in funding in January and February alone.
  • Overall vacancy in the South Jersey commercial real estate market, which includes office space in South Jersey, continues to drop, and is now down to approximately 13.6 percent, an improvement over the previous quarter.
  • Average rents for Class A & B product in the market for office space in Southern New Jersey continue to show strong support in the range of $10.00-$14.00/sf NNN or $21.00-$24.00/sf gross, with an overall market average showing strong support in the $10.00-$12.00/sf NNN or $20.00-$22.00/sf gross for the deals completed during the first quarter. Rents have remained stable.
  • All of the major private owners and REITS showed moderate leasing and prospect activity for the quarter – with Burlington County vacancies tightening up, many larger vacancy opportunities are also shifting towards Camden County, which is not controlled by these ownership entities.

The report also examined the local retail market, noting that consumer confidence reached its highest monthly level since the start of the recession. The firm believes this level will further improve as the year moves on. Highlights from the retail section of the report include:

  • Overall retail vacancy in the tri-county area is hovering around 10.5%, which is up slightly from the previous quarter, but is still encouraging compared to recent years.
  • Class A retail product rental rates continue to show strong support in the range of $30.00-$40.00/sf NNN, as rents have remained stable.
  • Much of the demand for space locally is from national chains, which are experiencing growth. Smaller and locally based retailers are still struggling comparatively.

The full quarterly report is available upon request from Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

For more information about South Jersey office space or any South Jersey commercial properties, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com), Christina Del Duca (856-857-6304; christina.delduca@wolfcre.com), Todd Levin (856-857-6319; todd.levin@wolfcre.com), Scott Seligman (856-857-6305; scott.seligman@wolfcre.com) or Christopher Henderson (856-857-6337; chris.henderson@wolfcre.com) at Wolf Commercial Real Estate, a Southern New Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate is a premier Southern New Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our Southern New Jersey commercial real estate brokerage firm.

Prime South Jersey Office Space for Lease in Camden NJ

808 Market StreetWolf Commercial Real Estate, a leading South Jersey commercial real estate broker with expertise in Southern New Jersey commercial real estate listings and services, now has available prime South Jersey office space for lease at 808 Market Street Camden NJ.

Located in the Downtown Camden Business District, this Southern New Jersey office space for lease is a full-service, mid-rise office building.  There are two suites totaling 1,500 square feet and 6,600 square feet on the third floor of this South Jersey office building for lease.

The asking lease price for this professional office space in South Jersey is $17.50/sf Full Service.  This South Jersey professional office space for lease at 808 Market Street Camden NJ is available for immediate occupancy through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in Southern New Jersey commercial real estate listings.

This South Jersey office space for lease is well-suited for any professional user in the market for a well-managed building in an excellent location. Significant interior and exterior capital improvements recently were completed at this South Jersey office building for lease at 808 Market Street Camden NJ.  This South Jersey professional office space for lease has financially secure ownership and management in place.

This professional office space in South Jersey at 808 Market Street Camden NJ provides tenants with card-key security access for a safe working environment.  This Southern New Jersey office space for lease is available through Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

The location of this South Jersey office space for lease allows for convenient access to the Ben Franklin Bridge, routes 30, 38, 70 and 130, and I-76/I-676.  An average of nearly 7,500 vehicles per day travel on Federal Street near this South Jersey professional office space for lease.  Off-street parking is available at this Southern New Jersey office space for lease.  Almost 770,000 people reside within a five-mile radius of this South Jersey office building for lease.

For more information about this South Jersey office space for lease at 808 Market Street Camden NJ, about other professional office space in South Jersey or about any other South Jersey commercial properties for sale or lease, please contact Christina Del Duca (856-857-6304; christina.delduca@wolfcre.com) or Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in Southern New Jersey commercial real estate listings and services.

Wolf Commercial Real Estate is the foremost South Jersey commercial real estate broker that provides a full range of Southern New Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Office Complex/School Campus for Sale in Stratford NJ

710 Laurel RoadWolf Commercial Real Estate, a premier Southern New Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services, is pleased to offer a highly visible South Jersey office building for sale at 710 Laurel Road Stratford NJ.

This South Jersey office building for sale is located in a campus of three prestigious buildings and each office building in South Jersey that comprise this property at 710 Laurel Road Stratford NJ offers its own set of stately rooms. This South Jersey office space for sale offers many different potential uses and this Southern New Jersey office building for sale enjoys a campus-like feel with spacious grounds.

The asking sale price of this office building in South Jersey at 710 Laurel Road Stratford NJ is $2.15 million. This Southern New Jersey office space for sale is available for immediate possession through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate brokerage firm with expertise in South Jersey commercial real estate listings and services.

This South Jersey office building for sale offers 25,200 square feet of office space in South Jersey.  This Southern New Jersey office building for sale sits on a 20.5 acre lot. This Southern New Jersey office space for sale has street pylon and building signage available. This South Jersey office building for sale through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker with expertise in South Jersey commercial real estate listings and services, offers unlimited possibilities.

From its excellent location of 710 Laurel Road Stratford NJ, there is convenient access to Route 30 and the Lindenwold PATCO Speedline station from this South Jersey office building for sale at 710 Laurel Road Stratford NJ.  This South Jersey office space for sale also is within close proximity to the Rowan University School of Osteopathic Medicine and Kennedy Health System.

This Southern New Jersey office space for sale has excellent demographics with more than 62,000 residents living within five miles of this South Jersey office building for sale.  The average household income within the same five-mile radius from this office building in South Jersey is $67,241.  This office space in South Jersey is a one-of-a-kind Camden County property.

For more information about this South Jersey   office building for sale at 710 Laurel Road Stratford NJ or about any other South Jersey commercial properties for sale or lease, please contact Christopher Henderson (856-857-6337; chris.henderson@wolfcre.com) or Scott Seligman (856-857-6305; scott.seligman@wolfcre.com) at Wolf Commercial Real Estate, a Southern New Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

Wolf Commercial Real Estate is a leading Southern New Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our Southern New Jersey commercial real estate brokerage firm.

South Jersey Professional Office Building for Sale in Cherry Hill NJ

901 Route 38Wolf Commercial Real Estate, a premier Southern New Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services, is pleased to offer a highly visible South Jersey professional office building for sale at 901 Route 38 Cherry Hill NJ.

This South Jersey office building for sale is located in a stand-alone, two-story professional office building in South Jersey that offers a rare and unique opportunity for a professional user.  This South Jersey office space for sale has been recently renovated and features 16 private offices.  There is a total of approximately 4,558 square feet of professional office space in South Jersey on the two floors of this Southern New Jersey office building for sale.

The asking sale price of this professional office building in South Jersey at 901 Route 38 Cherry Hill NJ is $625,000.  This Southern New Jersey office space for sale is available for immediate occupancy through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate brokerage firm with expertise in South Jersey commercial real estate listings and services.

In addition to the 16 private offices, the ideal professional layout of this Southern New Jersey office building for sale at 901 Route 38 Cherry Hill NJ includes a conference room, reception area and kitchen.  Bathrooms are located on both floors of this South Jersey office space for sale.  This professional office space in South Jersey also has an outdoor deck/patio.

Each floor of this South Jersey office building for sale provides approximately 2,279 square feet of professional office space in South Jersey.  This Southern New Jersey office building for sale sits on a half acre lot.  This Southern New Jersey office space for sale features building signage with outstanding visibility and frontage along Route 38.  With 25 surfaces spaces, parking is ample at this South Jersey professional office building for sale through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker with expertise in South Jersey commercial real estate listings and services.

From it’s excellent location on Route 38 Eastbound, there is convenient access to the Benjamin Franklin Bridge and Center City Philadelphia from this South Jersey office building for sale at 901 Route 38 Cherry Hill NJ.  This South Jersey office space for sale also is within close proximity to the Cherry Hill Mall, the Market Place at Garden State Park and numerous restaurants and retailers on Haddonfield Road.

This Southern New Jersey office space for sale has excellent demographics with more than 315,000 residents living within five miles of this South Jersey professional office building for sale.  The average household income within the same five-mile radius from this professional office building in South Jersey is $118,892.  Nearly 59,000 vehicles pass through the intersection of Route 38 and Pop Avenue near this professional office space in South Jersey.

For more information about this South Jersey professional office building for sale at 901 Route 38 Cherry Hill NJ or about any other South Jersey commercial properties for sale or lease, please contact Christopher Henderson (856-857-6337; chris.henderson@wolfcre.com) or Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) at Wolf Commercial Real Estate, a Southern New Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

Wolf Commercial Real Estate is a leading Southern New Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our Southern New Jersey commercial real estate brokerage firm.

South Jersey Commercial Real Estate Market Well Positioned for Strong 2015

research information graphicWith improvements in key indicators across the board and plans for several large employers to relocate to Camden, NJ, the South Jersey commercial real estate market ended 2014 on a strong note and was well-positioned for continued growth in 2015, according to the latest quarterly market report from Wolf Commercial Real Estate, a premier South Jersey commercial real estate brokerage firm that specializes in Southern New Jersey commercial real estate listings and services, including South Jersey office space.

The South Jersey commercial real estate market was a busy one in the fourth quarter 2014, as deal activity rose 20 percent over the third quarter and 30 percent over the fourth quarter 2013, the market analysis noted.  There also was a high volume of transactions expected to consummate in the early part of the new year, the report said.

New leases and renewals totaling approximately 481,761 square feet were executed in Burlington, Camden and Gloucester counties, the report said.  Positive absorption spiked, comprising approximately 222,618 square feet of total activity.

The sales market also experienced robust activity in the fourth quarter, with eight significant sales transactions taking place, totaling approximately $95 million in value and in excess of 1.25 million square feet, according to the report issued by Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services, including Southern New Jersey office space.

The tightening of the 3M markets in Burlington County, coupled with incentives offered under the GROW NJ initiative, caused greater demand for space in Camden County, particularly in the city of Camden, the analysis said.

“Burlington and Camden have been in a horse race, with Burlington moving ahead the past few quarters, but on the strength of GROW NJ, Camden County clearly won this round,” said Jason Wolf, founder and managing principal of Wolf Commercial Real Estate, a leading South Jersey commercial real estate brokerage firm.

With a combined $525 million in tax incentives, Subaru, Holtec, Lockheed Martin, and Cooper Health all announced decisions to relocate corporate headquarters to the city of Camden. The four major companies joined the Philadelphia 76ers ownership organization, which had previously announced plans to build a new team headquarters and practice facility in Camden.  In addition, a new 20-acre retail center anchored by a supermarket has been announced for 2016.

Other highlights for the South Jersey office space market in the report from Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings:

  • Overall vacancy in the market for Southern New Jersey office space continues to decrease, and is now down to approximately 14.3%.
  • Average rents for Class A & B retail product continue to show strong support in the range of $10.00-$14.00/sf NNN or $21.00-$24.00/sf gross, with an overall market average showing strong support in the $10.00-$12.00/sf NNN or $20.00-$22.00/sf gross for the deals completed during the fourth quarter.
  • Despite strides made in the city of Camden, Burlington County continued to maintain a significantly lower vacancy rate than Camden County in the market for Southern New Jersey office space. Burlington County’s vacancy rate sits at 9.8 percent, while Camden County’s is at 18.8 percent.
  • All of the major private owners and REITS showed moderate leasing and prospect activity for the fourth quarter – with Burlington County vacancies tightening up, many larger vacancy opportunities are also shifting toward Camden County, which is not controlled by these ownership entities.

Wolf Commercial Real Estate’s report on South Jersey retail space said consumer confidence reached a nearly seven-year high, and retail sales activity was up. Highlights from the South Jersey retail space section of the report include:

  • Overall vacancies in the market for South Jersey retail space in the tri-county area is hovering around 10.3%, a significant improvement from year end 2012, when it stood at the 17-18% range.
  • Class A retail product rental rates continue to show strong support in the range of $30.00-$40.00/sf NNN.
  • Several new development projects are ongoing or have been announced for the tri-county area.

The full report on the South Jersey commercial real estate market is available upon request from Wolf Commercial Real Estate.

For more information about South Jersey office space or any South Jersey commercial properties, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com), Christina Del Duca (856-857-6304; christina.delduca@wolfcre.com), Todd Levin (856-857-6319; todd.levin@wolfcre.com), Scott Seligman (856-857-6305; scott.seligman@wolfcre.com) or Christopher Henderson (856-857-6337; chris.henderson@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

Wolf Commercial Real Estate is a premier South Jersey commercial real estate broker that provides a full range of Southern New Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Prime South Jersey Office Space for Lease in Cherry Hill

53-55-57 Haddonfield RoadWolf Commercial Real Estate, a premier South Jersey commercial real estate broker with expertise in Southern New Jersey commercial real estate listings and services, now has available prime South Jersey office space for lease in Cherry Hill NJ.

Located in the heart of Cherry Hill, this Southern New Jersey office space for lease is in three buildings at the Colwick Business Center at 53-55-57 Haddonfield Road Cherry Hill NJ.

— The South Jersey office building for lease at 53 Haddonfield Road Cherry Hill NJ currently has only two suites remaining for lease.  Suite 318 features 5,475 square feet of South Jersey professional office space for lease, and Suite 330 at 53 Haddonfield Road Cherry Hill NJ offers 15,025 square feet of professional office space for lease in Southern New Jersey.

— At 55 Haddonfield Road Cherry Hill NJ, there is 51,853 square feet of professional office space for lease in South Jersey.  This South Jersey office building for lease at 55 Haddonfield Road Cherry Hill NJ is divisible into multiple smaller units to meet tenant needs.

— The South Jersey office building for lease at 57 Haddonfield Road Cherry Hill NJ provides 7,129-32,140 square feet of Southern New Jersey professional office space for lease.  This South Jersey office space for lease at 57 Haddonfield Road Cherry Hill NJ also is divisible.

The asking lease price for the professional office space for lease in Southern New Jersey at 53-55-57 Haddonfield Road Cherry Hill NJ is $9.50-$12.00/sf NNN.  This South Jersey professional office space for lease is available for immediate occupancy through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in Southern New Jersey commercial real estate listings and services.

This professional office space for lease in South Jersey is located in the Colwick Business Center at the intersection of Haddonfield and Church roads in Cherry Hill.  Now under new local ownership and management, the Colwick Business Center has four single-story buildings with no loss factor and direct, private 24/7 access to tenant suites.  This Southern New Jersey office space for lease features professionally landscaped common areas, sidewalks and walking paths.

There are base building improvements ongoing at this South Jersey professional office space for lease at 53-55-57 Haddonfield Road Cherry Hill NJ.  This professional office space for lease in Southern New Jersey features a daycare center, as well as an efficient layout with open bullpen areas and individual offices.  This professional office space for lease in South Jersey is now available through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services.

More than 288,000 people residing within five miles of this Southern New Jersey professional office space for lease.

With a new NJ Transit bus stop (Route 404) located within the Colwick Business Center, access to this Southern New Jersey office space for lease is ideal.  A NJ Transit train station that provides direct access to and from Philadelphia and Atlantic City is situated less than five minutes from this South Jersey office space for lease.

This South Jersey office building for lease is located in close proximity (under 10 minutes) from Routes 38, 73 and 70, the New Jersey Turnpike, I-295, I-676 and the Betsy Ross Bridge.  This professional office space for lease in Southern New Jersey also is less than 15 minutes from the Ben Franklin Bridge and Center City Philadelphia and less than 20 minutes from Philadelphia International Airport.

Parking is abundant at this professional office space for lease in South Jersey, with a ratio of 4.23/1,000 sf at 53 Haddonfield Road Cherry Hill NJ, 4.8/1,000 sf at 55 Haddonfield Road Cherry Hill NJ and 4.78/1,000 sf at 57 Haddonfield Road Cherry Hill NJ.

The Cherry Hill Mall, a 1.25 million square foot regional shopping center with several national retailers and restaurants, is less than one mile from this Southern New Jersey professional office space for lease.  This Southern New Jersey office space for lease is just two miles from the Marketplace at Garden State Park, a mixed use development that will feature more than 800,000 square feet of retail space, a 285,000-square-foot lifestyle center, 1,700 residential units, office space, a hotel and a conference center.

For more information about this South Jersey office space for lease at 53-55-57 Haddonfield Road Cherry Hill NJ or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com), Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) or Christina Del Duca (856-857-6304; christina.delduca@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

Wolf Commercial Real Estate is a leading South Jersey commercial real estate brokerage firm that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Promising Future for South Jersey Office Space

As 2014 comes to a close and we slide into the new year, things are looking up in the South Jersey office space market, according to a new report issued by Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in Southern New Jersey commercial real estate listings and services.

MARKET OVERVIEW

With five-plus years of recovery behind us, the economy appears to have finally found its footing.  A low interest rate environment has allowed property values and rental rates for Southern New Jersey office space to rise steadily, though still far off from pre-recession levels. Job growth has improved and businesses continue to show optimism through expansion and hiring. Office employment has risen more than two percent over the past year. Demand for office space in South Jersey has been slower than other South Jersey commercial real estate sectors, but signs of improvement can be seen in incremental growth.

The market for office space in Southern New Jersey also is showing signs of increased construction activity, although vacancy rates have not fallen as quickly as some would have anticipated.  Demand for quality assets has improved steadily, and we continue to see a flight to quality. Businesses also continue to operate with more efficiency, which is one of the major reasons that it is taking so long for vacancy rates to come down. Demand for Class A product in the South Jersey office space market continues to remain strong, and this flight to quality assets is forcing lower quality building owners to reposition and improve their Southern New Jersey commercial real estate properties to remain competitive.

INVENTORY, TRANSACTIONS, AND RATES

As of the end of the third quarter, data collected by the team at Wolf Commercial Real Estate, a South Jersey commercial real estate broker with expertise in Southern New Jersey commercial real estate listings and services, shows a 9.6% vacancy rate in Burlington County and an 18.8% vacancy rate in Camden County.  The overall vacancy rate for Southern New Jersey office space and other South Jersey commercial properties stood at approximately 14.2%.

The pace of growth in the South Jersey commercial real estate sector should continue to improve in the coming months as small and mid-sized businesses continue to expand and economic incentives help with tenant retention and spur relocation from other areas within the Tri-State area. Most of the fundamentals of the Southern New Jersey commercial real estate market improved during the quarter. Office employment increased, which will send vacancy rates lower and rents and sales prices higher.

Larger deals for office space in South Jersey and other South Jersey commercial properties were concluded across several industries, including businesses that specialize in consulting, education, financial services, health care, government services, and computer services.

Rental rates continue their slow climb back toward pre-2008 levels. In the third quarter, average rents for Class A & B product in the South Jersey office space market were up by 5% over the previous quarter. Rents continue to show strong support in the range of $11.00-$14.00/sf NNN or $21.00-$24.00/sf gross, with an overall market average showing strong support in the $11.60/sf NNN or $21.60/sf gross for the deals completed during the third quarter.

SNJ BECOMES A MAGNET FOR BUSINESSES

When the Economic Opportunity Act of 2013 was signed into law, it ushered in a new era in attracting businesses to the Garden State – particularly to the southern counties. The new law incentivizes growth and investment by large and small companies across several industries. Companies that create as few as ten full-time jobs can now benefit from significant tax benefits. The law also provides greater tax credits for companies that create jobs and invest in development in the Southern New Jersey counties of Burlington, Camden, Gloucester, Atlantic, Cumberland, Salem, and Cape May.

With the favorable tax environment created by these programs, ample availability of land, and our proximity to many major east coast cities, it is likely that more large businesses will choose to establish or relocate their national headquarters in Southern New Jersey.

WHAT THIS GOOD NEWS MEANS FOR YOU AS A TENANT

For tenants occupying greater than 10,000 square feet of office space in Southern New Jersey, there are several opportunities in both Camden and Burlington Counties to consider a flight to quality or to use the vacancies as leverage to negotiate better lease terms.

For those requiring less than 10,000 square feet of office space in South Jersey, the market presents the greatest opportunity. With ample Southern New Jersey office space available in this size range in both counties, users can take advantage of the ability to right-size and negotiate more favorable lease terms.

The chart below lists the opportunities for blocks of space ranging in size from 2,000 -100,000 square feet of office space in Southern New Jersey and other South Jersey commercial properties. The survey by Wolf Commercial Real Estate, a commercial property broker in New Jersey, includes Class A & B properties located in Cherry Hill, Marlton, Moorestown, Mount Laurel, Pennsauken, and Voorhees. We included mid-rise and single story buildings that can accommodate an office user.

Vacancies_ChartTenants in the South Jersey office space market with leases coming due in the next two years should continue to review their leases, operating expenses and the overall market for opportunity. Wolf Commercial Real Estate, a commercial property broker in New Jersey can create individualized solutions to help in several ways:

  • Wolf Commercial Real Estate can analyze your current lease situation and determine whether and when it would be prudent to relocate or renegotiate more favorable terms on existing space.
  • Wolf Commercial Real Estate can create a valuation matrix that includes your financial situation, property needs, and available alternatives.
  • For tenants with a remaining lease obligation, Wolf Commercial Real Estate can negotiate a restructuring or early termination of the lease, or we can represent you in a sublease arrangement.
  • As a premier South Jersey commercial real estate brokerage firm with expertise in Southern New Jersey commercial real estate listings and services, Wolf Commercial Real Estate can develop negotiating strategies based upon our extensive knowledge of the market and the financial position and reputation of individual landlords.

 

If you have a need for South Jersey office space or any other medical, retail or industrial space, or if you have a lease nearing expiration, or if you want to learn more about these market opportunities, please contact Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services.  As a leading commercial property broker in New Jersey and Pennsylvania, our team provides ongoing information to help our clients achieve bottom line savings, reduce costs, and mitigate risk.

Wolf Commercial Real Estate is a South Jersey commercial real estate broker that  provides a full range of Southern New Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Please visit our websites for a full listing of South Jersey and Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.