EXHIBIT 99.2
 
                          MACK-CALI REALTY CORPORATION
                            REQUEST FOR WAIVER FORM
                 DIVIDEND REINVESTMENT AND STOCK PURCHASE PLAN
 
    This form is to be used by participants (collectively, the "Participants"
and individually, a "Participant") in the Mack-Cali Realty Corporation (the
"Company") Dividend Reinvestment and Stock Purchase Plan (the "Plan") who are
requesting authorization from the Company to make an optional cash investment
under the Plan in excess of the $5,000 monthly maximum. The Participant must
submit a copy of this Request For Waiver (approved by the Company) to The Chase
Manhattan Bank (the "Administrator") at the same time the Participant submits an
optional cash investment form together with the applicable funds. Capitalized
terms which are used herein and not otherwise defined shall have the meaning
ascribed to them in the current prospectus relating to the Plan (the
"Prospectus").
 
    A new form must be completed for each month that the Participant wishes to
make an optional cash investment in excess of the $5,000 monthly maximum. This
form will not be accepted by the Company unless it is completed in its entirety.
 
    The Participant submitting this form hereby certifies that (a) the
information contained herein is true and correct as of the date indicated below,
(b) the Participant has received and read a current copy of the Prospectus and
(c) immediately after the purchase of the shares to be acquired pursuant to this
Request for Waiver the Participant will not own shares in excess of 9.8% (by
number or value) of any class or series of the Company's outstanding capital
stock of any class or series of the Company's outstanding capital stock.
 
    For information regarding the Minimum Waiver Price (as defined in the
Prospectus), if any, that may be applicable to optional cash investments made
pursuant to an approved Request For Waiver Form, please call the Chief Financial
Officer of the Company at (908) 272-8000 on the second business day preceding
the start of the Pricing Period (as defined in the Prospectus). THIS FORM SHOULD
BE COMPLETED AND RETURNED VIA FACSIMILE TO THE CHIEF FINANCIAL OFFICER OF THE
COMPANY AT (908) 272-6755 BY 10:00 A.M. EASTERN STANDARD TIME NO LATER THAN FIVE
(5) BUSINESS DAYS PRECEDING THE START OF THE PRICING PERIOD FOR THE APPLICABLE
INVESTMENT DATE (AS DEFINED IN THE PROSPECTUS). If approved by the Company, the
approved copy of this form must be submitted to the Administrator with the
applicable funds on the first business day preceding the start of Pricing Period
for the applicable Investment Date.
 
    THE COMPANY RESERVES THE RIGHT TO MODIFY, SUSPEND OR TERMINATE PARTICIPATION
IN THE PLAN BY OTHERWISE ELIGIBLE HOLDERS OF THE COMPANY'S COMMON STOCK IN ORDER
TO ELIMINATE PRACTICES WHICH ARE NOT CONSISTENT WITH THE PURPOSE OF THE PLAN.
 
<TABLE>
<S>                                        <C>
Date
 
Participant's Signature                    Print Name as it Appears on Share
                                           Certificate
 
Joint-Participant's Signature, if any      Print Name as it Appears on Share
                                           Certificate
 
Optional Cash Investment Amount Requested
 
Social Security or Tax Identification
Number
</TABLE>
<TABLE>
<S>                                        <C>
Street Address
 
City              State              Zip
 
Fax Number
</TABLE>
 
Method of Payment     [  ]  Check     [  ]  Money Order     [  ]  Wire Transfer*
 
- ------------------------
 
*   Wire transfers may be used only if approved verbally in advance by the
    Administrator.
 
                    APPROVED BY MACK-CALI REALTY CORPORATION
 
Optional Cash Investment Amount Approved: _________________________
 
Method of Payment Approved: _______________________________________
 
Minimum Waiver Price, if any: _____________________________________
 
Waiver Discount, if any: __________________________________________
 
By: _____________________________________________
 
Name: ___________________________________________
 
Title: __________________________________________
 
Date: ___________________________________________