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
BRC inks 27,000 sq. ft. industrial lease in Union

An industrial user has agreed to lease more than 27,000 square feet in Union, under a newly announced transaction by Bussel Realty Corp.

Retail
Columbia takes 2,500 sq. ft. in Bergen County, Goldstein Group says

Columbia Bank has relocated an existing branch to a shopping center in Fair Lawn, where it is leasing nearly 2,500 square feet.

Office
Repositioned life sciences campus in Bridgewater under new ownership, new platform

A joint venture is reaping the rewards of a plan to reposition a sprawling research and development complex in Bridgewater, having sold the campus for more than $150 million. All the while, the deal has cast a light on the allure of life sciences as a real estate investment class and the power of collaboration by brokers across multiple geographic markets.

Guest Columns
Rent control is not a solution to our affordable housing crisis

Among the many issues facing our nation, the availability of affordable housing, or lack thereof, is a problem that lawmakers have been trying to address for decades. Federal programs that either support the development of affordable housing or provide assistance to renters through vouchers have been woefully underfunded, and state and local elected officials are looking for solutions. Unfortunately, some have turned to rent control as an answer. But the reality is that rent control will not only fail to solve our affordable housing crisis, it will actually make it worse. 

Industrial
Box maker inks 32,000 sq. ft. sublease in Saddle Brook, Team Resources says

A manufacturer based in Bergen County has subleased 32,000 square feet at a nearby warehouse, brokers with Team Resources Inc. announced last week.

Office
WCRE: Wellness center takes 2,300 sq. ft. in Burlington County

A wellness center has agreed to lease nearly 2,300 square feet at a Burlington County office complex, under a newly announced transaction by Wolf Commercial Real Estate.

Residential & Mixed Use
PRC, Circle Squared unveil Jersey City rental building at NJCU-led project

A joint venture has taken the wraps off a new 144-unit luxury apartment building in Jersey City, the latest piece of a high-profile redevelopment effort led by New Jersey City University.

Office
C&W marketing 86-acre development site near Bayer headquarters in Whippany

Pharmaceutical giant Bayer is selling 86 acres adjacent to its North American headquarters in Hanover, offering a rare infill development site in one of the state’s top corporate submarkets.

Industrial
Local officials, Arizona executives open 621,000 sq. ft. bottling plant in Woodbridge

Arizona Beverage Co. has opened the doors to a new 621,000-square-foot production, manufacturing and bottling facility in Woodbridge.

Industrial
Cold storage user inks 30,000 sq. ft. renewal in Elizabeth, Avison Young says

A refrigerated warehouse provider has renewed its 30,000-square-foot lease at an Elizabeth industrial building, in a newly announced transaction by Avison Young.