Most office space leases are for a period of three to 10 years, so some companies that signed renewals shortly before COVID began are in the middle of a lease.

Many buildings, especially older, so-called “Class B” buildings, remain vacant or sparsely filled as employees continue to work remotely at least part of the time.

New Jersey office building vacancy rates remain high, more than five years after the COVID-19 pandemic emptied offices in the state and across the country.

Many buildings, especially older, so-called “Class B” buildings, remain vacant or sparsely filled as employees continue to work remotely at least part of the time.

The office vacancy rate in New Jersey is at 23%, up from roughly 16% pre-pandemic. But those numbers don’t tell the full story, said James Hughes, a pro

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