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
NAI DiLeo-Bram: Plainfield industrial building sells for $2.35 million

An epoxy flooring company has acquired a nearly 14,000-square-foot industrial building in Plainfield, under a transaction arranged by NAI DiLeo-Bram & Co.

Residential & Mixed Use
JLL inks sale of 214-unit rental property in Nassau County

Long Island’s largest multifamily owner has sold a 214-unit luxury apartment property in Nassau County, in a deal arranged by JLL’s Morristown-based capital markets team.

Government & Public Policy
EDA approves ERG subsidy for 68-unit housing rehab in Paterson

A joint venture is moving ahead with plans to create new housing for veterans in Paterson, having secured a state subsidy to help it purchase and renovate two buildings.

Industrial
Industrial user moving from Queens, takes 20,000 sq. ft. in South Hackensack

NAI James E. Hanson has negotiated a full-building, 19,600-square-foot industrial lease in South Hackensack for Everest Construction Group.

Professional Services
Ware Malcomb makes three promotions in Northeast region

Design firm Ware Malcomb has announced a series of promotions in its Newark office.

Industrial
Sensor company leases 16,000 sq. ft. in Roxbury, Charity Realty says

ASO Safety Solutions, a provider of premium quality sensor systems for automated doors, gates and machines, has signed a long-term lease for 16,200 square feet at 350 North Frontage Road in Roxbury, in a deal negotiated by Charity Realty International.

Sponsored Content
Inflation and the effects on new construction in 2022

As the United States tries to claw its way out of the COVID-19 pandemic, a long-discussed concern in the market has finally started to come to fruition and affect the economy globally. A disrupted supply chain, labor shortages and record government stimulus has begun to drive prices higher leaving nearly all industries uncertain of what the future holds. For the real estate and construction industry, an elevated inflation rate and the setbacks from the pandemic have resulted in what some call a perfect storm that is showing to have a magnified impact on the development costs and timelines of new projects.

Residential & Mixed Use
Developer kicks off 600-unit residential, retail project at former Parsippany office park

A development team has broken ground on a project that will bring 600 apartments and townhomes to the site of what was a sprawling highway office park in Parsippany.

Policy Page
New Jersey has many blessings to count

As we come to the end of another challenging year, it’s a good time to reflect on the many blessings New Jersey can count.

Industrial
CBRE: Central Jersey leads U.S. industrial markets in ‘sticker shock’ for tenants

Industrial tenants in central New Jersey are facing a nearly 64 percent rent hike from leases they signed five years ago, CBRE found, marking the highest such figure of any region in the U.S.