Every year has its ups and downs. Every market has highs and lows. Both were true when it came to New Jersey’s commercial real estate sector in 2021, a year that marked ongoing dominance for some asset classes, as COVID-19 continued to loom over others. Whether those trends endure in 2022 remains to be seen, but we’ve recruited some of the industry’s most prominent developers, service providers and insiders to help set the stage. You can find their predictions, insights and more in our special 2022 Market Forecast.
Somerset Development has landed another tenant at its Bell Works property in Holmdel after signing a long-term lease with the operator of a 24-hour sports gaming network.
Somerset Development has started its buildout of a new 72,000-square-foot facility in Holmdel that it hopes will provide flexible workplace options to medium-sized businesses.
Somerset Development is touting the lease-up of more than 100,000 square feet of prebuilt, flexible office space at its flagship Bell Works campus in Holmdel.
After 18 months doing their jobs from home because of COVID-19, many New Jersey workers are returning to flex and co-working spaces. Operators are responding by adding more private suites to their offerings to make users feel safer from infection — and while they’re keeping a wary eye on COVID’s Delta variant, they’re optimistic about demand, for both the short term and long term.
Another restaurant is expanding into Bell Works, joining a growing roster of eateries and retailers at the 2 million-square-foot mixed-use complex in Holmdel.
A new mixed-use transit village in downtown Somerville took center stage during a recent visit by U.S. Transportation Secretary Pete Buttigieg, highlighting the importance of infrastructure investment as Congress debates a $1 trillion spending package.