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.

Top News
KPMG expands lease at Morristown’s HQ Plaza, adds 10,000 sq. ft. ahead of fall 2026 move

HQ Plaza on Speedwell Avenue in Morristown — File photo/Courtesy: JLL By Joshua Burd KPMG has taken additional space at HQ Plaza in Morristown, bringing its expected footprint to some 76,000 square feet when it moves to the complex next…

Office
Bell Works touts strong first-half leasing activity across office, coworking spaces

A flurry of new leases and extensions at Bell Works in Holmdel has set the stage for what its owner says will be a strong second half for the distinctive 2 million-square-foot campus.

Residential & Mixed Use
Hartz completes 218-unit luxury rental building to cap off 40-year Lincoln Harbor development

Hartz Mountain Industries has leased nearly two-thirds of a new 218-unit high-end rental property in Weehawken, hitting the milestone just four months after its debut and as the firm marks the completion of its acclaimed Lincoln Harbor district.

Office
NAIDB lists five-property, mixed-use portfolio in North Brunswick for sale

The owner of more than 7,000 square feet across five properties in North Brunswick is looking to sell the portfolio, tapping NAI DiLeo-Bram & Co. to lead the offering.

Deals
Automotive equipment firm buys 11,000 sq. ft. Middlesex facility, Boniakowski says

A supplier of automotive lift equipment has acquired an 11,000-square-foot building in Middlesex Borough, in a deal arranged by The Boniakowski Commercial Real Estate Group.

Editor’s Note
Right place, right time

As you’ll read in this month’s cover story, Asia-based third-party logistics firms have been critical for many Garden State landlords, creating new demand and helping to fill excess inventory after the recent development surge. A spike in 2024 — when the offshore firms accounted for some 42 percent of all Class A industrial leasing in the state — has given way to a more modest pace in 2025. Yet developers expect Asian 3PLs to continue to loom large going forward, even with the cloud of a trade war between the U.S. and China.

Residential & Mixed Use
JLL: Owner of Newark’s Eleven80 looks to sell landmark 316-unit apartment tower

Eleven80, the luxury apartment tower once seen as a pioneer for market-rate housing in downtown Newark, is on the market for sale.

Office
Premium fitness company Technogym unveils new U.S. office in Jersey City (SLIDESHOW)

Technogym, a maker of high-end sport and fitness equipment, has opened its new U.S. headquarters in Jersey City following a lease arranged last year by Cushman & Wakefield.

Residential & Mixed Use
NJCC provides $8.6 million in predevelopment funding for Bayfront project in Jersey City

New Jersey Community Capital is taking a stake in the acclaimed Bayfront project in Jersey City, making an $8.6 million preferred equity investment in the West Side redevelopment.

Professional Services
Land use, cannabis attorney Wells among newest partners at Archer

Archer has elevated land use and cannabis attorney Richard Wells to partner as part of its latest round of promotions.