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.

Decarbonization, electrification journey driving investment and business decisions

As we celebrate Earth Day, it’s impressive to see how many more investment, siting, purchase and business decisions are being driven by growing public demand to reduce our carbon footprint. Government agencies, investors, consumers and businesses are quickly becoming aware of the need and benefits of embracing this paradigm shift. Owners and developers of commercial and industrial real estate property are increasingly accommodating their tenants’ demands for charging stations, solar panels and other brokered services. The popularity of electric vehicles (EV) continues to gain momentum across the globe as green investing is influencing automakers’ plans and the economics of owning an EV are becoming more favorable. Sustainability has become mainstream as society realizes its benefits, including lower costs, cleaner air, less traffic congestion, higher rate of return on investments, less dependence on foreign oil, better quality of life and less extreme weather.

Brach Eichler expanding to 56,000 sq. ft., with plans to update Roseland headquarters

Brach Eichler LLC is expanding and overhauling its Roseland headquarters, as the law firm marks continued growth and a milestone anniversary.

Boniakowski inks new commercial lease, apartment sale in Somerset County

A tattoo business has leased 2,400 square feet of office space in Somerset County, in one of two newly announced deals by The Boniakowski Commercial Real Estate Group.

Life sciences firm doubles footprint, takes 28,000 sq. ft. at Iselin office park

A genetic testing company has renewed and expanded its lease in the Iselin section of Woodbridge, where it now occupies a total of 28,000 square feet.

NAI Hanson: Law firm sells 3,000 sq. ft. office space in Chester, signs new lease nearby

A law firm has found a new home in Morris County after leasing 3,000 square feet near its previous location on Route 24, in a deal arranged by NAI James E. Hanson.

Deugen welcomes new team members in construction, development roles

Deugen Development has announced four new hires to bolster its development and construction teams.

Lee & Associates N.J. named leasing agent for 122,000 sq. ft. Morristown office complex

The Silverman Group has tapped Lee & Associates New Jersey to market space at a two-building, 122,000-square-foot office complex in Morristown.

Mancini Duffy expands regional footprint with new Red Bank office

Design firm Mancini Duffy is marking the opening of a new regional office in Red Bank, its second in New Jersey and its third overall.

Current trends in the post-COVID commercial leasing market: The reduced footprint and new considerations of the office

Everyone knows the most critical factor in the determination of cost of rentable square footage of leased space and the value of land is “location, location, location.” COVID has not changed this truism, but perhaps has rarified the implications.

Sheldon Gross, KW Commercial ink sale of 17,000 sq. ft. Neptune property

A private investor has purchased a 17,000-square-foot office and flex building in Neptune for $3.2 million, under a newly announced transaction by Sheldon Gross Realty.