A nearly 75,000-square-foot office building in Voorhees has changed hands, following a deal announced recently by Wolf Commercial Real Estate.
Vintage office inventory poised for upgrades
In early 2018, throughout the Northern and Central New Jersey office market, nearly 38.0 million square feet of direct and sublet space was marketed for lease. Buildings constructed since 2010 comprised less than 1.0 percent of the available space, as office occupiers gravitated towards newer product. An empty construction pipeline will challenge tenants seeking modern work environments prompting owners of vintage inventory to invest in improvements and upgrades that fulfill tenant requirements.



