Life sciences breeding positive momentum in the New Jersey CRE market

The nation’s life sciences sector continues to expand, boosted by technological advancements, growing employment and a strong economy. While Boston and San Francisco remain the country’s main life sciences hub, their tightening inventory and constrained labor force has driven momentum south to the Garden State.

NKF: Office upgrades yielding quantifiable benefits in occupancy, rent growth in New Jersey

Landlords that have renovated and refreshed New Jersey’s aging office stock can now point to the benefits, with a new report showing significantly stronger absorption and rent growth at upgraded buildings.

NKF: New Jersey office leasing hits two-year high for absorption

New Jersey’s office market is riding high from a series of blockbuster leases over the summer, recording its highest quarterly increase in net absorption in two years.

Global pharma firm inks 117,000 sq. ft. lease in Bridgewater

A pharmaceutical company has leased 117,000 square feet at a Bridgewater office building, whose owner is planning a major renovation to transform and modernize the property.