Class A vacancy rates hit three-year low in N.J.

According to a recent Jones Lang LaSalle report, Class A office space in New Jersey’s northern and central markets reached a three-year low during the fourth quarter of 2011.

In North Jersey, the vacancy rate stood at 22.1 percent for top-level space at the end of last year. Central Jersey upscale offices were 25.1 percent unoccupied; overall, the state vacancy rate was 23.3 percent.