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.

Residential & Mixed Use
Marcus: Legacy family owners sell 21-unit Jersey City apartment building for $4.1 million

The longtime owners of a 21-unit apartment building in Jersey City have sold the property for $4.1 million, in a newly announced deal by Marcus & Millichap.

Residential & Mixed Use
Bayonne apartment owner adds eight-unit building in $1.6 million deal by Matthews

A local investor has acquired an eight-unit apartment building in Bayonne for more than $1.6 million, in a transaction arranged by Matthews.

Retail
Five Star Swim School takes 5,600 sq. ft. at Oakland shopping center, RIPCO says

A new swim school is coming to a Bergen County shopping center, where it will occupy nearly 5,600 square feet under a lease secured by RIPCO Real Estate.

Office
New Jersey office market ‘quietly stabilizing’ amid upward demand, declining subleases

Office vacancy in New Jersey is ticking downward after a positive fourth quarter, capping a year that saw high-end buildings continue to shine and a notable decline in sublease space.

Education
ULI’s acclaimed UrbanPlan program comes to Morris County in new, condensed format to reach more students

Students at Morris County School of Technology in Denville received a crash course in urban planning, courtesy of the Urban Land Institute Northern New Jersey, as the organization debuted a shorter version of its nationwide UrbanPlan program over two days in December.

Professional Services
MSW’s Garlick named partner, vice chair of land use, zoning and redevelopment practice

Murphy Schiller & Wilkes LLP has announced a new partner, elevating Thomas S. Garlick while naming him to leadership roles with two key practice areas.

Office
Nessel, senior care group sign 15,000 sq. ft. lease at Marlton Executive Park, WCRE says

Nessel Development has secured another tenant for a Burlington County office park, inking a new lease for nearly 15,000 square feet in a deal arranged by Wolf Commercial Real Estate.

Office
Signature Acquisitions surges in 2025 with 504,000 sq. ft. in new office leases, renewals

Signature Acquisitions is starting 2026 with strong momentum, following a year in which it tripled its leasing volume across its portfolio of suburban office space in the region.

Industrial
NAI Hanson: Investor buys Dallas cold storage facility after selling North Jersey industrial site

The recent seller of a Fairfield industrial site has acquired a property in Texas as part of a now-completed 1031 like-kind exchange, according to brokers with NAI James E. Hanson.

Government & Public Policy
Sherrill taps Weiss to lead EDA, Potosnak as DEP commissioner

Gov.-elect Mikie Sherrill has filled two key posts impacting commercial real estate, naming Evan Weiss as CEO of the New Jersey Economic Development Authority while nominating Ed Potosnak as commissioner of the Department of Environmental Protection.