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.

Residential & Mixed Use
Growth of sharing economy creating new opportunities for developers to distinguish their projects

The growth of the sharing economy — including platforms such as Airbnb, Uber and Lyft — has created new opportunities for developers and landlords, providing additional ways for them to appeal to renters and help their projects stand out in an increasingly crowded market.

Residential & Mixed Use
For Capodagli, future projects are built on sharing

In partnering with Uber, Capodagli Property Co. aimed to provide another amenity and a new level of convenience for its existing tenants.

The decision is also helping to attract future residents — perhaps in a way that it didn’t expect.

Residential & Mixed Use
Airbnb’s Friendly Buildings Program: How it works

It has only been a few months since the start of a partnership between Airbnb and the owners of Jersey City Urby, but all signs point to an arrangement that will be mutually beneficial.

Government & Public Policy
Mars, Ralph Lauren among several high-profile companies on EDA agenda

Mars Wrigley and Ralph Lauren Corp. have applied for nearly $65 million in combined tax credits in connection with potential moves to Newark and Nutley, respectively, as the state Economic Development Authority prepares to consider the applications on Tuesday.

Office
A changing submarket: Panelists talk tenants, amenities in Jersey City

With some 700 attendees on hand, industry experts spoke about the changing makeup of office users and what landlords must do in order to compete for those tenants. First and foremost, they said, owners should take note of changes in how those tenants are using their space.

Retail
New ownership ditches plan for Sayreville ‘fortress mall,’ report says

A joint venture has scrapped a long-awaited plan to build a futuristic, 2.2 million-square-foot “fortress mall” along the Garden State Parkway, replacing it with a proposal for a mixed-use, urban-style retail village that is more in line with changing consumer tastes.

Health Care & Education
NJIT unveils new 220,000 sq. ft. wellness, events center (SLIDESHOW)

The New Jersey Institute of Technology has taken the wraps off a 220,000-square-foot multipurpose center, the largest piece of a $400 million overhaul of its footprint in Newark.

Office
P3RE inks 26,000 sq. ft. lease with nonprofit in Bloomfield

A nonprofit that provides services to youth and families has leased 26,000 square feet at a 380,000-square-foot office park in Bloomfield, according to landlord P3RE Properties.

Retail
K&G leases 18,500 sq. ft. at Azarian complex in Passaic County

The Azarian Group LLC has added a men’s fashion retailer to its tenant roster at a 50,000-square-foot shopping center in Woodland Park, the firm announced recently.

Residential & Mixed Use
Investment firm’s $425 million housing plan to include northern N.J., New York City

A real estate investment firm plans to spend more than $200 million to acquire single-family and multifamily properties in northern New Jersey, Philadelphia and New York City, under a strategy that calls for repositioning the homes as workforce rental housing.