Office Market Overview
Mack-Cali's office properties are located in high-barrier-to-entry markets in the Northeast. The company has a dominant presence in New Jersey and in Westchester County, New York.
Mack-Cali owns or has interests in office or flex properties in these markets:
- Northern New Jersey
- Central New Jersey
- Westchester County, New York
- Fairfield County, Connecticut
- Philadelphia CBD
- Suburban Philadelphia
- Suburban Maryland
Mack-Cali's holdings also include land sites for the development of approximately 5.3 million square feet (sf) of additional office space, approximately 11,600 multi-family apartment homes, and a 324-key hotel.
Office Market Reports and Vacancy Rates | 2Q 2016*
Northern New Jersey19.6%
Central New Jersey15.4%
Westchester County, New York24.1%
Fairfield County, Connecticut19.9%
Reports provided by Cushman & Wakefield.
*In an effort to provide our customers with independent research reports on the markets in which we operate, Mack-Cali is providing these market reports published by Cushman & Wakefield Research.