Exhibit 23



Consent of Independent Accountants

We  hereby  consent  to the  incorporation  by  reference  in  the  Registration
Statements  on Forms  S-3  (Nos.  333-19101,  333-09081  and  33-96538)  and the
Registration  Statement on Form S-8 (No. 33-91822) of Cali Realty Corporation of
our report dated February 18, 1997, appearing in this Form 10-K.



Price Waterhouse LLP
New York, New York
March 28, 1997