Real Estate NJ’s 2022 Market Forecast

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.

Bell Works to become headquarters, studio hub for 24-hour sports gaming network

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.

FMERA inks sale of Fort Monmouth parcel slated for 180-unit residential project

Somerset Development has closed on its purchase of some 15 acres at Fort Monmouth that is now slated to become a mix of new townhomes and restored apartments.

Somerset kicks off construction for 72,000 sq. ft. flexible workplace hub at Bell Works

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.

Bell Works completes lease-up of 100,000 sq. ft. prebuilt office space component

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.

Co-working demand grows in New Jersey, as users seek flexibility amid continued uncertainty

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.

Southern-style barbecue concept picks Bell Works for second location

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.

Transit village project, Gateway tunnel in focus in Buttigieg visit to Somerville

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.

New 72,000 sq. ft. flexible workspace offering coming to Bell Works

Somerset Development is seeking to lure medium-sized businesses to its Bell Works complex, unveiling plans to create 72,000 square feet of flexible workspace at the Holmdel property.

Industry leaders reunite, reconnect at first NAIOP New Jersey event post-pandemic

Commercial real estate leaders gathered Thursday in Holmdel, where NAIOP New Jersey honored several companies as the industry took a key step in moving beyond the pandemic.