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.
CBRE is detailing a health care services company’s new 115,000-square-foot sublease in Bridgewater, as the tenant consolidates its footprint following a recent merger.
A cold storage provider has leased nearly 280,000 square feet in Carteret, under one of several newly announced transactions by brokers with CBRE.
Life sciences firms accounted for the two largest office leases of the second quarter in northern and central New Jersey, in a market that remains stable despite a slight uptick in availability.