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
Russo eyes spring delivery at 296-unit rental project in Garwood

Russo Development is nearing completion of a project that will bring close to 300 new apartments to a site that is just steps from NJ Transit’s Garwood train station.

Government & Public Policy
Murphy unveils $190 million renovation plan for Newark Penn Station

State officials have unveiled plans for a $190 million overhaul of Newark Penn Station, drawing cheers from the developer that is transforming the landmark Gateway office complex nearby.

Office
Investment group adds 73,000 sq. ft. office building in Mount Olive, JLL says

An investment firm has expanded its New Jersey holdings with the acquisition of a 73,000-square-foot office building in Mount Olive, according to brokers with JLL.

Industrial
CBRE: Online returns to reach record levels, put additional pressure on industrial space

With e-commerce sales and returns expected to hit record levels this holiday season, demand for industrial space is only slated to grow amid the need for reverse logistics space.

Residential & Mixed Use
Teaneck rental property more than 60 percent leased, BNE says

BNE Real Estate Group is hailing a fast start at its new apartment building in Teaneck, where renters have leased nearly two-thirds of its 228 luxury units.

Professional Services
Diverse project pipeline, decades of experience remain key to Rotwein+Blake’s success

Rotwein+Blake has made a point to diversify in recent years, expanding beyond its roots in the office and industrial sectors, helping it withstand the pandemic and other recent downturns. The firm now boasts a growing practice in multifamily and mixed-use projects, as it continues to work for many of New Jersey’s most prominent developers.

Office
CBRE inks 65,000 sq. ft. in leasing activity at Saddle Brook office complex

A concrete company has leased nearly 25,000 square feet at a Saddle Brook office complex, in the largest of four newly completed transactions by CBRE.

Industrial
Staging firm takes 14,000 sq. ft. at Jersey City complex, Grid Real Estate says

A home staging studio has found its new East Coast base of operations, inking a lease for nearly 14,000 square feet at a historic industrial complex in Jersey City.

Professional Services
DMR details redesign of Blue Foundry branch in Rutherford

DMR Architects has unveiled its design for a newly renovated branch for Blue Foundry Bank, a Rutherford-based lender, touting its industrial aesthetic and a focus on connectivity.

Office
Kitchen, bathroom fixtures company inks 113,500 sq. ft. at Piscataway buildings, JLL says

A maker of kitchen and bathroom fixtures has leased more than 110,000 square feet across two buildings in Piscataway, under a set of newly announced transactions by JLL.