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.

Industrial
STRO, KRE add 134,000 sq. ft. in Florida with two latest industrial deals in Tampa

The STRO Cos. and KRE Group have added to their Southeast industrial portfolio with two recent acquisitions in the Tampa submarket.

Finance & Capital Markets
Namdar snags $358 million construction loan for 1,126 new units in Journal Square, report says

Namdar Group is set to break ground on a combined 1,126 new apartments in Jersey City after reportedly securing $358 million in construction financing.

Residential & Mixed Use
A new solution: Supportive housing advocates, developers hope state law will spark major expansion of special needs units

There’s not enough supportive housing in New Jersey, according to advocates and industry experts, and they hope incentives in the state’s revamped affordable housing rules will help expand the market.

Top News
NAIDB: Commercial sales in seven northern, central N.J. counties total $1.4 billion in H1

Commercial property sales are trending upward in a key swath of northern and central New Jersey, with industrial, office and retail trades totaling $1.4 billion in the first half of 2025.

Featured
LMC: Pickleball club leases 8,400 sq. ft. at grocery-anchored center in Jersey City

A pickleball facility is coming to Jersey City after taking space at the 95,000-square-foot Twin City Shopping Center, in a newly announced deal by Levin Management Corp.

Retail
Wonder, chiropractor take space at Prism’s mixed-use Avenue & Green project in Woodbridge

Prism Capital Partners has filled the retail space at its mixed-use Avenue & Green property in Woodbridge after securing leases with Wonder, the food hall and delivery startup, and a chiropractic and physical therapy practice.

Food & Beverage
Restaurant blending Korean-American fare, wood-fired grilling opens at Journal Square Urby

Urby has welcomed a new restaurant from a familiar operator to the base of its 25-story, 317-unit apartment building in Jersey City’s Journal Square neighborhood.

Government & Public Policy
Hackensack council votes to scrap PILOTs for major projects by Sanzari, Russo and Enburg, with legal action now looming

The Hackensack city council has voted to rescind payment in lieu of taxes agreements for three high-profile development projects, raising major questions about the fate of proposals that would bring another 650 luxury apartments to the municipality.

Industrial
Seagis, ecommerce firm ink 211,000 sq. ft. lease at new Kearny warehouse, JLL says

Seagis Property Group has filled more than 211,000 square feet of new industrial space in Kearny after inking a lease with a growing ecommerce firm, according to brokers with JLL.

Residential & Mixed Use
Woodmont breaks ground, eyes 2028 delivery for 300-unit Metropark rental project

Woodmont Properties has broken ground on a project that will bring 300 new luxury apartments to a site less than a mile from the Metropark train station in Woodbridge.