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.

Office
Investment, redevelopment have brought new life to Piscataway office market

Piscataway’s office market has bounced back in recent years, with rents rising and vacancy falling, thanks to new investment and redevelopment that have helped revitalize and right-size the township’s stock of buildings.

Industrial
Colliers: Renewals surge in tight New Jersey industrial market

The state’s industrial market saw a spike in renewal activity this summer, amid the ongoing lack of new supply and the unrelenting demand from tenants.

Residential & Mixed Use
Mixed-use Journal Square building sells for $3.4 million, Grid says

A mixed-use, 20,000-square-foot building in the Journal Square section of Jersey City has changed hands, following a $3.4 million transaction by Grid Real Estate LLC.

Office
WCRE inks 6,400 sq. ft. renewal in Pennsauken

An accounting firm has renewed its lease at a Camden County office building, where it occupies more than 6,400 square feet.

Retail
REDCOM touts start of renovation, addition at Somerset County auto dealership

REDCOM Design & Construction LLC has kicked off a renovation and addition at a Mazda dealership in Somerset County, the Westfield-based firm announced.

Retail
JLL: Buyer wanted for newly developed Route 22 retail center

A newly built, 111,000-square-foot retail center in Union County is on the market for sale, with brokers touting the presence of two national anchors and a location along a busy highway.

Office
CBRE touts health care company’s 115,000 sq. ft. sublease in Bridgewater

CBRE is detailing a health care services company’s new 115,000-square-foot sublease in Bridgewater, as the tenant consolidates its footprint following a recent merger.

Retail
Trader Joe’s inks 14,500 sq. ft. lease at Denville shopping center

A new Trader Joe’s is coming to a well-known shopping center in Denville, under a nearly 15,000-square-foot lease with Retail Properties of America Inc.

People
Diversified names new vice president, corporate counsel

Diversified Properties LLC has bolstered its executive team with the addition of a new vice president and corporate counsel.

Industrial
Team Resources inks new lease, renewal at Teterboro warehouse

Two tenants have leased a combined 23,000 square feet at a Teterboro industrial building, under a set of newly announced leases by Team Resources Inc.