We assembled a panel of industry experts to tackle this month’s question. Here’s what they had to say.
Newmark Group Inc. has expanded its New Jersey industrial team with six new brokers, who are among 11 newly added professionals across its offices in North America.
Tulfra Real Estate has reaped more than $24 million from the sale of a newly developed, 925-unit self-storage facility in northern New Jersey.
A childcare center is taking more than 14,000 square feet at the base of a new luxury apartment building in Hoboken, brokers with Cushman & Wakefield announced Tuesday.
The developer of a new retail and medical complex in Woodbridge has filled nearly 16,000 square feet after inking new leases with an orthopedic practice and a dental group.
A nearly 21,000-square-foot industrial building in Union Township has changed hands for $3.25 million, in a transaction by The Boniakowski Commercial Real Estate Group.
A new Merck & Co. spinoff is moving to the Goldman Sachs tower in Jersey City, where it’s reportedly set to occupy 110,000 square feet for its global headquarters.
The pandemic has not stifled rent growth in New Jersey’s industrial market, as Amazon and other e-commerce users continue to drive leasing and construction activity statewide.
Office leasing in New Jersey slowed significantly in the second quarter, with renewals and extensions accounting for most of the activity as tenants navigated the coronavirus crisis.