Office leasing in New Jersey rebounded in 2022, showing notable improvement from a year earlier despite a mixed fourth quarter and ongoing economic uncertainty.
A growing number of tenants are searching for office space in New Jersey, providing a reason for optimism even as vacancy continued to climb heading into the summer.
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.
For all of the landlords and service professionals who are reaping the benefits of New Jersey’s office market, brokers with Newmark Grubb Knight Frank have as much to celebrate as anyone else.
