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
Newmark team sees strength ahead after closing $1.1 billion in industrial sales in 2024

Newmark is hailing a banner year and strong momentum for its Rutherford-based industrial capital markets team, following several high-profile deals and some $1.1 billion in total transaction volume.

Office
Onyx, Cushman tout lease-up of new-look 350,000 sq. ft. office building in Paramus

Onyx Equities has leased up a 350,000-square-foot office building in Paramus, following a renovation that began in 2020 and a marketing push led by Cushman & Wakefield.

Industrial
Eastern Torque Services takes 13,000 sq. ft. at new Hillsborough facility, Zimmel says

An industrial equipment repair company has leased more than 13,000 square feet at a newly developed building in Hillsborough, in a deal arranged by Zimmel Associates.

Retail
Marcus: DeVimy Equities sells 86,000 sq. ft. Morris Marketplace to Last Mile Investments

DeVimy Equities has sold nearly 86,000 square feet of newly built retail space outside Morristown, brokers with Marcus & Millichap announced last week.

Office
JLL: Bergman inks 60,000 sq. ft. in flurry of leases at refreshed Princeton office building

Bergman Real Estate Group is reaping the benefits after upgrading a Princeton-area office building, having leased more than 60,000 square feet at the property over the past 12 months.

Industrial
Seagis eyes summer delivery for new 167,000 sq. ft. Teterboro warehouse, CBRE says

Construction is underway on a project that will bring nearly 167,000 square feet of new industrial space to Teterboro, as CBRE markets the property to prospective tenants.

Professional Services
Resource Realty of NNJ inks $155 million in lease, sale activity across 85 deals in 2024

Resource Realty of Northern New Jersey is gearing up for a strong 2025, following a year in which it recorded nearly $155 million in leasing and sales activity in the region.

Industrial
Vericon Construction buys 7,000 sq. ft. in Springfield, BRC says

A construction firm has acquired a 7,000-square-foot industrial building in Springfield for nearly $1.9 million, in a newly announced deal by Bussel Realty Corp.

Industrial
Sitex taps NAI Hanson as leasing team for 623,000 sq. ft. industrial park in Saddle Brook

Sitex Group has picked NAI James E. Hanson as its leasing team for the 50-building, 623,000-square-foot Zuckerberg’s Industrial Park in Saddle Brook.

Retail
Ethan Allen opens at new Route 22 location in Watchung, Goldstein Group says

Ethan Allen has opened a new location on Route 22 in Watchung, where it occupies more than 4,200 square feet after relocating from a nearby site.