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Trend Watch Sept. 18th: As the construction pipeline lags New Jersey’s transit hub rents soar
Persistent demand and limited construction is driving rent growth for New Jersey’s transit hub markets, while rents are expected to trend higher as tenant demand is projected to outpace the 456,000 square feet of new Newark supply slated for delivery in 2018.
Trend Watch Sept. 11th: New Jersey transit hubs continue to pull office demand
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.
HFF’s midyear 2017 industrial capital markets brief
From an equity markets perspective, demand for industrial product continues to be strong with institutions and private funds that are underweight in northeast industrial properties. The reason we are not seeing more activity is because there has been — and continues to be — a lack of quality offerings in the most sought after markets from the Meadowlands down along the Interstate 95/Turnpike Corridor to Exits 8A/7A.
Mixed-use light: Target the mix of uses to your market
When exploring options for mixed-use development, it is important to understand the micro market in which you are planning to build. Whether urban or suburban, a close look at existing conditions and other development projects on the boards will identify small niche opportunities for right-sized retail, cultural and restaurant uses.
JLL: Retail sectors blossom in northern New Jersey
New Jersey has a strong retail environment due its population density, which is higher than the national average. Retailers are also attracted to the Garden State’s proximity to New York, which is one of the world’s retail capitals. A large percentage of New Jersey’s population is in Northern New Jersey and retailers targeting consumers have plenty of space options along Interstate 95, The Garden State Parkway and U.S. Route 1/9.
