Lower vacancy rates and higher rental rates have defined transit hub markets when compared to the suburban New Jersey office market for the past several years.
Sponsored Content New Jersey employment change slows recovery 14,100 New Jersey private-sector jobs were shed in March 2017 after a robust 27,100 were added in January/February Gains of 1,900 jobs were reported in April Professional/business services registered 2,600 new jobs…
Sponsored Content Occupiers “pay up” to be near skilled labor Labor scarcity in key markets across New Jersey is the result of increasing demand for warehouse and distribution space and has increased pressure on margins in the form of higher…
Sponsored Content New Jersey: Large Block Office Space Distribution More than 60 blocks of contiguous Class A space greater than 100,000 square feet were marketed for lease during Q1. Morris County accounts for one-third of large block spaces and reports…
Sponsored Content Industrial cap rates hold steady despite higher interest rates Northern and Central New Jersey’s industrial cap rates compressed 210 basis points over the last three years due to increasing investor demand. Market cap rate compression and recent increases…
Sponsored Content Northern and Central New Jersey’s industrial cap rates compressed 210 basis points over the last three years due to increasing investor demand. Market cap rate compression and recent increases in the federal funds rates have given some investors…
Sponsored Content Preleasing dominates in 2017 Strong preleasing rates are an indication that industrial demand continues to thrive. Current construction rates are on par with demand.. Users struggling to find quality existing facilities have turned to proposed development sites and…
Sponsored Content E-commerce/Last-Mile Operations Drive Record Net Absorption Competitive rental rates, combined with the availability of amenity-rich Class A buildings encouraged companies to relocate versus renew in 2016. With a vacancy rate near 25%, the trend to relocate is expected…
Sponsored Content Competitive rental rates, combined with the availability of amenity-rich Class A buildings encouraged companies to relocate versus renew in 2016. With a vacancy rate near 25 percent, the trend to relocate is expected to continue throughout 2017. For more…
Sponsored Content Financial services leads the demand for office space More than 4.7 million square feet of tenant space requirements were active in the Northern and Central New Jersey office market during Q1 2017. Financial services, life sciences and technology…
