New Jersey office market ‘quietly stabilizing’ amid upward demand, declining subleases

Office vacancy in New Jersey is ticking downward after a positive fourth quarter, capping a year that saw high-end buildings continue to shine and a notable decline in sublease space.

Selective Insurance moving headquarters, leases 123,000 sq. ft. in Short Hills office deal

Selective Insurance has leased nearly 123,000 square feet for a new headquarters in the Short Hills section of Millburn, brokers with Cushman & Wakefield said Tuesday.