Current Issue
Can tech firms, startups fuel job growth and new office requirements in New Jersey?

In a market that has been hurt by densification and lackluster job growth, many of the state’s largest office leases in recent years have been tied to tenants looking to consolidate and upgrade their space. But technology and information firms have been a rare source of expansion in New Jersey, fueling new space needs that are about more than just a flight to quality.

Making sure the Garden State can grow its technology sector is a matter of creating the right environment and promoting what the state can offer in the way of labor, education and accessibility. Experts say it’s also up to landlords to ensure that they provide the space that tech users are looking for.

Trend Watch
Trend Watch Oct. 2nd: Big-box leasing activity accelerates in New Jersey

Over the last three months, New Jersey’s industrial market recorded nearly 10.0 million square feet of leasing activity, with big-box markets like Southern New Jersey and Exit 8A seeing a flurry of activity.

Health Care & Education
JLL tapped to oversee sale of 1.14 million sq. ft. pharmaceutical campus

The brokerage team that has sold many of New Jersey’s most high-profile pharmaceutical campuses has its latest assignment — the 1.14 million-square-foot Bristol-Myers Squibb research and development complex in Hopewell.

Office
JLL report shows continued gaps in rents, vacancy between N.J. transit hubs and suburbs

Suburban office landlords who spruce up their buildings have seen tenants come calling, but continue to trail those offering space in urban locations and those served by mass transit.

Professional Services
CBRE hires veteran N.J. office, data center broker

A well-known broker in the state has joined CBRE as a senior vice president in its central New Jersey office, the real estate services firm said Monday.

Industrial
Industrial strength: Prices are soaring as investors jockey for warehouse, logistics space in New Jersey

Warehouse and distribution space in New Jersey has become a prized asset class among institutions and other major investors, leading to increased competition, surging prices and more creativity by those looking to add industrial to their portfolio.

Industrial
New lease structures, longer terms take hold in N.J. industrial market

Among the many changes that have come to New Jersey’s industrial market — especially those that have rallied investors — Rob Kossar points to the differences in how leases are structured.

Industrial
Exit 8A: The top 10 industrial leases during Q2, according to JLL

The Exit 8A submarket continues to thrive in the state’s industrial sector, according to JLL, accounting for more than half of the leasing activity in northern and central New Jersey during the second quarter.

Office
JLL inks new office, warehouse deals at Prologis building

Real estate services firm JLL has completed a series of leases at a Prologis Inc. building in Secaucus, accounting for nearly 42,000 square feet of activity at the 143,057-square-foot property.

Office
Pharma tenant expands, inks 18,000 sq. ft. lease at Bridgewater campus

A pharmaceutical firm has more than tripled its footprint at a sprawling life sciences campus in Bridgewater, where it has signed a new lease for 18,072 square feet.