Vacant sublease space in New Jersey’s office market has reached its highest level in four years, thanks in part to a string of major corporate relocations within the state in recent months. But experts say that’s no cause for alarm.
How do you engage people who don’t want their father’s workplace? Many developers and office landlords are still trying to figure that out, but a panel of real estate experts were on hand recently to offer their thoughts. Speaking at a NAIOP New Jersey seminar, industry leaders tackled issues such as co-working, sustainability and employee retention.
The Berger Organization has acquired a 33,000-square-foot building in downtown Newark that it will renovate and market as a sister property to an adjacent office tower, the firm announced.
By Real Estate NJ Mack-Cali Realty Corp. has sold a 100,000-square-foot office building at 600 Parsippany Road in Parsippany, brokerage firm HFF announced. In a news release, HFF said it represented Mack-Cali in the sale to a joint venture of…