A developer is offering the first opportunity to lease an apartment at a new 377-unit complex in Jersey City, marking the next step in a major redevelopment near the Hoboken border.
New Jersey’s transit hub markets on track for continued growth
Office buildings within the state’s transit hub market continue to command higher rents compared to their suburban peers, according to JLL’s annual research report. Proximity to mass transportation within walking distance of amenity-rich areas has expanded the millennial demographic across these markets. The resulting demand for high-end Class A office space—that helps companies attract and retain the talent settling into these neighborhoods—drives rent premiums beyond that achieved in suburban markets.
