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.

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.

Finance & Capital Markets

JLL arranges construction loan, JV equity for 230-unit upscale rental project in Watchung

A six-building, 230-unit multifamily project in Watchung is moving ahead with the help of a construction loan and joint venture equity secured by JLL.

Health Care

Newmark: Tenants wanted for new 52,000 sq. ft. medical office building in Hackensack

The developer of nearly 52,000 square feet of new medical office space in Hackensack has brought the building to market alongside a leasing team with Newmark.