Office vacancy in northern and central New Jersey continued upward in early 2023, driven by a slowdown in leasing and large blocks of space flooding the market, even as high-end buildings remained a draw for tenants seeking a more modern work environment.
Insiders: New Jersey office market still ripe for large, blue-chip deals in age of hybrid work
SJP, Scotto break ground on Valley Bank’s new 120,000 sq. ft. headquarters in Morristown
SJP, Scotto mark core and shell build-out for M Station East in Morristown
United Way honors Gateway team, JLL’s Greiner at annual fundraiser
SJP, Scotto top out first of two buildings at M Station project in Morristown
Developers break ground on office, retail project to transform piece of downtown Morristown
SJP, Scotto eye groundbreaking after sealing approvals for Morristown office project
NKF: Large deals boosted Q1 office market, with COVID-19 impact now looming
Morristown’s transformation set to continue with new office, residential projects
Morristown has become one of New Jersey’s premier transit-oriented areas situated within a unique urban/suburban setting. Morristown’s 24/7 vibrant downtown is defined by its walkable and rapidly growing retail and residential developments. The heart of the commercial corridor surrounds the Morristown Green, a two-and-a-half-acre park that is bordered by upscale housing, office towers along with many restaurants and shopping options, attracting a high concentration of millennials.