Parsippany Office Building For
For Lease
$18.50 SF/Yr
2 Sylvan Way, Parsippany, NJ 07054
56,156 SF office building with renovated common areas.
Space Size18,767 SF
Property Size56,156 SF
Days on Market307
Property Features for 2 Sylvan Way
General Information
Standard status
Active
Size
18,767 SF
Total Parking Spaces
144
Property subtype
Office
Lease Term
+TE
Building Details
Building Size
56,156 SF
Stories
3
Spaces For Lease
at 2 Sylvan Way Contact us- Size
- 18,767 SF
- Type
- Medical
- Term
- Negotiable
2nd Fl $18.50/SF/Yr
Listed By:
Rick Genthe
(201) 400-2489
Source:
Lpc
Added: Nov 24, 2025
Changed: Sep 6
Last Checked: Sep 26 at 4:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rick Genthe
Investment Insights
Based on property information with market context.
The property at 2 Sylvan Way in Parsippany, New Jersey, is a 56,156 square foot office building situated within a major corporate office campus. The building has three floors. Common areas have been recently renovated. The building was constructed in 1977. The exterior is brick with a concrete and steel structure. There are two elevators, one at each entrance. Key code access is available for after-hours entry. Monument and directory signage is available. Parking is abundant, with all parking areas recently redesigned and resurfaced, providing 280 spaces, which is 5 spaces per 1,000 square feet. Floor plates can be easily divided to less than 1,000 square feet. The location provides access to I-287, I-80, Route 10, and Route 46. The property is located at the intersection of Route 202/Littleton Road and Sylvan Way, providing access to major area highways like I-287, I-80, Route 10 and Route 46. Morristown and Morris Plains, both with train stations on the Morris-Essex Branch line, are nearby. Numerous hotels, restaurants, and shopping centers are also located nearby. The bay depth is 25’ X 25’.
Key Highlights
- Excellent access to major highways and proximity to train stations
- Abundant, recently redesigned and resurfaced parking with 280 spaces
- Located within a major corporate office campus with Fortune 500 companies
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.78 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
826
Businesses Nearby
Explore this area
Business Placement
Demographics for 07054, NJ
30,228
Population
12,497
Households
2.4
Avg Household Size
41
Median Age
61%
College-Educated
93%
High-School Grad
13.8 sq mi
ZIP Area
2,190
Density / Sq Mi
$107,955
Median Household Income
$69,061
Median Earnings
$1,725
Median Rent
$569,000
Median Home Value
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Market
Lease Benchmarks for Parsippany, NJ
$22.88 /SF/Yr
Avg Asking Price
$18.5–$26.5 /SF/Yr
Price Range
50,556 SF
Avg Space Size
This space is priced 19% below the average of $22.88 /SF/Yr.
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - 56,156 SF office building with renovated common areas.
Where is this office building located?
The property is located at 2 Sylvan Way Parsippany, NJ.
What is the lease rate?
The lease rate is $18.50 SF/Yr.
What are key features of this property?
This property features: Excellent access to major highways and proximity to train stations; Abundant, recently redesigned and resurfaced parking with 280 spaces; Located within a major corporate office campus with Fortune 500 companies
