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.

Retail
Planet Fitness expands in Monmouth with new 27,000 sq. ft. lease in Howell, LMC says

Planet Fitness has taken nearly 27,000 square feet for a new location along Route 9 in Howell, according to a leasing team with Levin Management Corp.

Office
Newmark Associates inks sale of 10,000 sq. ft. professional, medical office building in Boonton

A private investor has purchased a 10,000-square-foot professional and medical office building in Boonton, according to a brokerage team with Newmark Associates CRE.

Retail
Sheldon Gross: Coffee roaster buys 9,700 sq. ft. Middletown retail building

A coffee company has acquired a more than 9,700-square-foot property in Middletown for $1.6 million, in a newly announced deal by Sheldon Gross Realty.

Finance & Capital Markets
Hampshire closes on $15.4 million refi of 40-unit rental project in Montclair, JLL says

The Hampshire Cos. has refinanced a new 40-unit luxury apartment building in downtown Montclair, securing a $15.4 million loan under a deal arranged by JLL.

Current Issue
Owners Council Q&A: Katie Kurtz

When I joined Denholtz in 2024, gridlocked capital markets and broad uncertainty made transacting difficult. At that time, the industry was waiting for the long-promised rate cuts that would unlock deal flow. Fast forward a year, and we’ve finally received the first of what should be a series of cuts. While the full impact will take time, I anticipate we will begin to see the pricing clarity that’s essential for the market to function. This shift gives me more optimism heading into 2026 than I felt at the close of last year.

Current Issue
Owners Council Q&A: Lou March Jr.

There’s a sense of cautious optimism across the industry. With that said, launching large-scale construction projects remains a challenge due to financing hurdles and broader economic headwinds.

Current Issue
Owners Council Q&A: Stefan Sansone

The market has stabilized compared to last year. While leasing velocity has tempered from its pandemic-era peak, we remain optimistic about New Jersey’s infill and functional industrial product.

Current Issue
Owners Council Q&A: Mark Shearer

We are seeing more tours from brand name companies with great credit, but decision makers still aren’t ready to make a commitment. Liquidity is coming back into the market; Amazon is back in the market. Construction starts are down and the fundamentals are improving but there is still uncertainty in the market.

Residential & Mixed Use
BLDG Management details proposed 1,300-unit Jersey City rental project with ‘sculptural’ design, 20 percent affordable housing

BLDG Management has unveiled a proposal for a new two-tower, 1.6-million-square-foot multifamily property that would add some 1,300 apartments to downtown Jersey City.

Government & Public Policy
Commercial, multifamily leaders outline top policy goals for new Sherrill administration

Leaders of the state’s main commercial and multifamily real estate organizations are embracing the chance for a fresh start under Gov.-elect Mikie Sherrill, seeking to tackle everything from housing costs to energy policy when she takes office in early 2026.