New Jersey Office Figures Q3 2026

In Q3 2026, office market fundamentals showed signs of gradual improvement. Leasing activity totaled 1.08 million sq. ft. in Q3, exceeding 1.0 million sq. ft. for the first time since Q2 2025. This represented a 15% increase from Q2 2026 and the second consecutive quarter of leasing growth following the cyclical low recorded in Q1 2026; however, activity remained 9% below the five-year quarterly average. The increase in leasing activity was primarily driven by Class A space, which accounted for 90% of all new lease transactions during the quarter. In contrast, top tier leasing represented just 8% of quarterly activity and has comprised only 10% of total leasing volume year-to-date.