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.
Building boom, condo tower put Jersey City on the map in skyscraper study
The development boom along the Hudson waterfront has put Jersey City in rare company, making it one of only 18 U.S. cities with at least five skyscrapers. That’s according to a recent study of high-rise architecture by Yardi Matrix, a commercial real estate research and data platform, which also found that Jersey City currently has the fourth-tallest building under construction in the U.S. That project, 99 Hudson, is a 79-story luxury condominium tower that is slated to rise 889 feet when it opens next year.
