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
Larken inks 25,000 sq. ft. in leasing at Hillsborough business park

Larken Associates is touting new activity at a sprawling business park in Hillsborough, where six tenants have combined to lease more than 25,000 square feet.

Health Care & Education
Developers weigh new lab, research projects as New Jersey market continues to tighten

After decades of consolidation by Big Pharma, demand for modern lab and diagnostic space in New Jersey is on the rise, fueling rent growth and pushing some developers to consider new laboratory projects.

Policy Page
Workplace absence leads to decline in office demand

Much of the workforce has been absent from offices/workplaces and transportation systems since mid-March. Has this absence “made hearts grow fonder” to return? Not entirely, according to some experts.

Hospitality & Tourism
Upscale Asbury Park hotel set to reopen after COVID shutdown

A luxury hotel along the Asbury Park waterfront is set to reopen after being closed due to the coronavirus outbreak.

Retail
Goldstein Group touts 36,000 sq. ft. in new fast food, restaurant leases in New Jersey

Nearly a dozen restaurants have committed to new locations in New Jersey as part of a series of newly announced transaction by The Goldstein Group.

Events
Industrial market’s strength on display as NAIOP kicks off virtual conference

More than 1,000 industry professionals have registered for this week’s I.CON event, NAIOP’s flagship conference for the industrial sector, despite its move this year to a virtual format. And with an industry that appears to be as bullish as ever, organizers believe they can still deliver the kind of experience and value that attendees have to come to expect from the annual gathering.

Residential & Mixed Use
Hornrock unveils 62-unit rental property in Bergen County

Hornrock Properties has opened the doors to a 62-unit luxury apartment building in Bergenfield, touting the ongoing growth and revitalization of the Bergen County borough.

Government & Public Policy
Day Pitney attorney named land use section chair for State Bar Association

A real estate and land use attorney in Day Pitney LLP’s Parsippany office has taken over a key position with the New Jersey State Bar Association.

Retail
Dollar store chain inks seven new locations in South Jersey, Soloff says

A dollar store chain is adding seven locations in southern New Jersey, under a series of newly announced transactions by Soloff Realty & Development Inc.

Office
Larken: NYC marketing firm takes temp space at Princeton-area office park

A New York City-based marketing and consulting firm has found temporary office space just outside Princeton, where it has leased 800 square feet in a transaction with Larken Associates.