ACREX · CALDWELL, NJ
Office Property Management in New Jersey
Office building property management for 4% of rent collected, in northern NJ.
For owners of single-tenant and multi-tenant office buildings in northern New Jersey. AcreX manages office property directly for 4% of rent collected, with Jonathan Libock as the responsible broker.
What office management costs
Typical office base fee: often in the mid-single-digit percentage of collected rent; leasing, construction oversight and repair markups are often billed on top (Property Perfected; Piping Rock Partners). Ask for a complete fee schedule.
AcreX office fee: 4% of rent collected. No setup fee, no repair markup, no upfront fees. Cancel any time after 90 days. In New Jersey commissions are negotiable.
Example: a building collecting $40,000 a month pays AcreX $1,600 a month.
What management includes
Rent collection and arrears follow-up
Owner statements and reporting
Lease administration: renewal dates, escalations
CAM, tax and insurance reconciliations where the lease requires them
Vendor and maintenance coordination and inspections
Leasing vacant suites, billed at the leasing rates on the AcreX fees and commission calculator
Questions to ask any office manager
Is the fee on collected or billed rent, and what is billed on top (leasing, construction oversight, markups)?
How are operating-expense and tax reconciliations prepared, and when do tenants receive them?
How are HVAC, elevator, fire-life-safety and roof inspections scheduled and reported?
How are tenant certificates of insurance and lease renewal dates tracked?
Where is rent held, and how fast is it deposited and paid out?
The northern NJ office market, 3Q 2026
Northern and Central NJ absorbed 728,060 SF, vacancy fell to 18.1%, and average asking rent rose to $32.39/SF (Newmark 3Q 2026). Updated Class A space is leasing; older vacant buildings need more work. Submarket rents: lease your office space.
How your money is handled (New Jersey rules)
Rent and other funds a broker collects for an owner must be held in a separate trust account at a New Jersey bank and deposited within five business days (N.J.A.C. 11:5-5.1).
Collecting rent for others is licensed brokerage work in New Jersey (N.J.S.A. 45:15-3), so AcreX does it under its broker license.
Records of all funds are kept for at least six years (N.J.A.C. 11:5-5.4).
Related
Property management by county: Essex · Bergen · Hudson · Morris · Passaic · Union
Questions owners ask
How much does office property management cost in NJ?
Office management fees commonly fall in a mid-single-digit percentage of collected rent, with leasing and project work often billed separately (Property Perfected; Piping Rock Partners). AcreX charges 4% of rent collected for office property, with no setup fee and no repair markup.
Who should I call to manage my office building in NJ?
Call a licensed New Jersey broker who will manage the building under a written agreement, hold rent in a trust account, and name who handles day-to-day work. At AcreX, Jonathan Libock is the responsible broker. Call (201) 694-6463.
Is the management fee on gross or collected rent?
AcreX charges on rent actually collected, so there is no fee on rent a tenant does not pay.
Does AcreX lease vacant office suites too?
Yes. Leasing is billed separately at AcreX’s published leasing rates: 5% of total base rent for years 1–5 and 2.5% after. In New Jersey commissions are negotiable.
Does AcreX manage properties itself?
Yes. AcreX manages properties directly, under its New Jersey broker license, with Jonathan Libock as the responsible broker.
More owner questions: AcreX FAQ.
About the broker
Jonathan Libock is the founder and principal broker of AcreX Commercial Real Estate in Caldwell, NJ. He has a decade of experience in commercial real estate, including time at DR Properties, a New York City development brokerage. He specializes in industrial and multifamily land development and also works on development sites in Southeast Florida. Licensed real estate broker in New Jersey (#1757237) and Florida (#BK3462244). AcreX Realty LLC, Licensed Real Estate Broker. Licensure does not imply endorsement.
AcreX Realty LLC is a licensed NJ commercial real estate broker with published fees, at 307 Bloomfield Ave, Caldwell, NJ 07006. General information, not legal or tax advice.