Four tenants have leased a combined 65,000 square feet at a well-known building in downtown Newark, where ownership is reaping the benefits of a multimillion-dollar renovation.
The owner of a 120,000-square-foot office building near the Hoboken waterfront has tapped JLL as its leasing agent.
A cloud data solutions firm has leased 30,000 square feet in Englewood Cliffs, in a transaction arranged by brokers with JLL.
JLL has set out to expand and elevate its property management business in New Jersey, promoting a longtime industry professional to oversee the platform.
An investment group has sold a two-building office and warehouse complex in Bordentown, in a $19 million sale arranged by JLL.
Two northern New Jersey submarkets accounted for more than 90 percent of the absorption in the region’s office market during the third quarter, according to JLL, leading a comeback after a lackluster start to the year.
The proliferation of e-commerce spiked leasing velocity in 2016 and 2017 due to significant demand for big-box and mega-box spaces.
Limited supply of big-box space across the state has stalled leasing velocity for YTD 2018.
There are only five (5) availabilities in excess of 500,000 square feet in the state.
Tenants have expanded the geographic scope of requirements into Southern New Jersey and Lehigh Valley to accommodate immediate needs.