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- Leases in the 10,000-25,000-square- foot range accounted for more than one-half of signed deals in the Northern and Central New Jersey office market.
- Limited lease volume >100,000 square feet prevented a significant dent in the office vacancy rate—reported at just under 25 percent.
- Despite a stall, leasing activity is expected to recover in 2018 as more than 4.5 million square feet of tenant requirements are navigating the office market.
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