The state’s office market took modest steps toward a recovery in the third quarter, as the pace of new listings slowed and as renewals helped sustain leasing activity in many locations.
A biotechnology company has expanded to nearly 200,000 square feet at a Piscataway office complex, in the largest of three recent deals announced by Keystone Property Group.
The amount of available office space in New Jersey grew further in the second quarter, despite leases by technology and life sciences tenants and signs of improvement on the horizon.
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.
Piscataway’s office market has bounced back in recent years, with rents rising and vacancy falling, thanks to new investment and redevelopment that have helped revitalize and right-size the township’s stock of buildings.