Market Sectors

New Jersey has an unmatched location and a population that developers dream about. It’s no wonder the commercial real estate industry is flourishing and evolving across all segments of the market.

Co-working demand grows in New Jersey, as users seek flexibility amid continued uncertainty

After 18 months doing their jobs from home because of COVID-19, many New Jersey workers are returning to flex and co-working spaces. Operators are responding by adding more private suites to their offerings to make users feel safer from infection — and while they’re keeping a wary eye on COVID’s Delta variant, they’re optimistic about demand, for both the short term and long term.

CHA eyes 2022 delivery for 66-unit rental project in Wharton

Construction is underway on a project that will bring 66 new upscale apartments and retail space to the Morris County borough of Wharton.

HVAC supplier inks 50,000 sq. ft. Meadowlands industrial lease

A family-owned HVAC supply company has taken more than 50,000 square feet of industrial space in East Rutherford, according to a brokerage team with CBRE.

Nonprofit expands, takes 15,000 sq. ft. in Burlington County, WCRE says

A nonprofit has leased nearly 15,000 square feet of office space in Moorestown, in a newly announced transaction by Wolf Commercial Real Estate.

Petrucci, TD+ Partners break ground on 172-unit rental project in East Orange

A development team has broken ground on more than 170 apartments in East Orange, adding to the city’s fast-growing construction pipeline of market-rate and affordable units.

It’s here: Preparing for the upcoming recreational cannabis haze and craze

It is anticipated that state regulators will unveil the application process at any time within the next several weeks in order to commence the processing and issuance of recreational cannabis licenses in New Jersey. Thus, there is considerable excitement amongst real estate operators and potential cannabis businesses for the inevitable rapid and (likely) significant growth of the cannabis industry in New Jersey in the coming months and years. Notwithstanding such, as cannabis businesses will be highly regulated at both the state and local level (and remain illegal under federal law), it is critical that property owners and business owners fully evaluate the many regulatory, zoning, operational, and financing challenges associated with utilizing properties for cannabis uses.

Murphy, industry leaders break ground on 550,000 sq. ft. research campus in New Brunswick

Construction is set to begin on a two-building, 555,000-square-foot research complex in New Brunswick, the future home of the state’s flagship medical school and a place where startups can work side by side with New Jersey’s top health care and academic institutions.

JLL inks $30 million loan for buyers of Giralda Farms office building

A joint venture has landed nearly $30 million in financing for its recent purchase of an office building in Madison’s acclaimed Giralda Farm campus, according to brokers with JLL.

NAI Hanson adds to research, brokerage teams with newest hires

NAI James E. Hanson has announced three new hires aimed at bolstering its research and brokerage teams.

Pharmaceutical firm takes 7,300 sq. ft. in Bedminster, eyes expansion in U.S.

A global pharmaceutical company is expanding in the U.S. with a newly completed, 7,300-square-foot lease at a Bedminster office building, in a newly announced deal by Colliers.