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.

Policy Page
The future of office work has arrived

The economic rebound is fueling job growth in office-using sectors, which comes as the state lifts requirements that employers accommodate telework arrangements. Now that the future has arrived, I am sure that all employers would agree that employees are the most critical resource for success. Striking the right balance for the new workplace will likely be case-sensitive, and will no doubt take some time and a great deal of patience.

Health Care & Education
Dentist finds new location in Englewood Cliffs, leasing 1,100 sq. ft.

A dental practice is moving within Englewood Cliffs after signing a new lease for 1,100 square feet of medical office space, brokers with NAI James E. Hanson announced Wednesday.

Office
Accordia: Tenant at Fairfield office building expands again, adding 5,000 sq. ft.

Accordia Realty Ventures has secured a lease expansion at a Fairfield office building, inking a 5,000-square-foot deal with a commercial insurance and group benefits provider.

Health Care & Education
Plastic surgeon acquires 2,400 sq. ft. medical office condo in Ridgefield, NAI Hanson says

A plastic surgery practice is expanding into New Jersey with its purchase of a medical office condominium in Ridgefield, according to brokers with NAI James E. Hanson.

Finance & Capital Markets
CBRE: North Jersey among top 20 markets for net-lease investors in office, retail

As the demand for net-lease properties inches back toward pre-pandemic levels, northern New Jersey remains a top 20 market for investors targeting the office and retail sectors.

Finance & Capital Markets
Owner of Clifton office building refinances for $35 million, Progress Capital says

The owner of a 203,000-square-foot office building in Clifton is refinancing for more than $35 million, following efforts to lease up the property after acquiring it in 2018.

Industrial
Somerset office building, primed for industrial redevelopment, hits the market for sale

A vacant 200,000-square-foot office building in Somerset County is on the market for sale, providing what brokers say is a redevelopment opportunity in a growing industrial submarket.

Office
New tenant coming to Sanzari-owned campus in Teaneck, leasing 4,400 sq. ft.

Alfred Sanzari Enterprises has attracted a new office tenant to its Glenpointe campus in Teaneck, inking a lease for more than 4,400 square feet at the distinctive mixed-use property.

Office
Book publicist takes 3,300 sq. ft. at Cherry Hill office building, Vantage Commercial says

A publicity agency is relocating in Cherry Hill after signing a new lease for more than 3,000 square feet of office space, in a recent deal by Vantage Commercial.

Sponsored Content
The Rock Brook Consulting Group: Pushing the limits of design

As we adapt to a new way of living and working amidst a global pandemic, the concept of adaptive reuse has been more attractive than ever. For commercial real estate, the strategy of repurposing empty, ubiquitous office space into profitable areas has been a game changer in reducing low occupancy rates and reviving development deals.