New Jersey office fundamentals have remained largely stable over the past five years. Most notably, the availability rate has ranged in a narrow band between 20.5% and 21.8%. Rent growth, at 9.7%, has been less than half the 20.7% growth rate for the U.S. overall and well below the 14.6% rate exhibited by the Manhattan officemarket. These trends have persisted, despite statewide job growth, a declining unemployment rate and strengthened local and national economies.