Eastman Cos. recorded more than 110,000 square feet in office and retail leases during the second half of 2016, driven in part by upgrades at its properties around the state.
REAL ESTATE FORECAST: Top 2017 trends to look for in New Jersey
New Jersey’s real estate market remained fundamentally strong at year-end 2016 and appears poised to retain its vitality in the coming year. Urban and suburban transit hub markets should remain a bright spot within the state’s slowing office market in 2017, while New Jersey’s industrial sector is in the midst of the greatest burst of construction since 2014. A significant influx of national retailers to transit-oriented locations, traditional downtowns and even college campuses has positively impacted the state’s retail market.