A global health services company is taking down a major piece of the former Honeywell International campus in Morris Plains, where it will reportedly lease some 200,000 square feet.
Office
New Jersey’s office market is evolving by the day, but this fact remains: The state’s location and educated workforce make it a highly desirable place for tenants of all shapes and sizes.
Experts say ‘stranded’ office, retail sites can thrive as new-look community hubs
Experts say the way to revive outdated, underutilized commercial properties in New Jersey is to make the sites an essential part of their communities. That can mean increasing the amount of public green space or adding mixed-use elements, among other options aimed at redeveloping so-called stranded assets.
Outside the box
By and large, it’s been a decade of good news for New Jersey industrial’s sector. I’m certainly thankful for the steady stream of updates on deals and developments up and down the state, especially in a pandemic that has threatened other asset classes. That can also present a challenge as we look to keep our content fresh, nuanced and informative in an area that has been so consistent.
SIOR New Jersey returns to in-person gatherings, in key step for brokerage community
Perhaps as much as anyone else in commercial real estate, brokers have been eager to return to the pre-pandemic days of in-person gatherings and face-to-face networking. Local leaders with the Society of Industrial and Office Realtors are well aware as they plan the chapter’s own transition back to business as usual, following a year of virtual events and finding creative ways to keep their members engaged.
