Monthly Archives: April 2016

Class A Rental Rates Increase in New Jersey’s Transit Hubs

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COW_New Jersey_Apr_4_2016

  • New Jersey’s transit hub markets are characterized as areas housing a significant number of office properties in proximity to a commuter rail station. The five largest markets by rentable inventory include Hoboken/Jersey City, Newark, Princeton, Metropark and Morristown.
  • A lack of new construction combined with a growing appetite for Class A
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Millennials and Their Attraction to New Jersey’s Transit Hubs

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MillennialsGraphicThe millennial generation, born between 1983 and 2000, are the biggest in U.S. history and are preparing to move into their prime spending years. This shift will reshape the economy, as their unique experiences will change the ways we buy and sell, forcing companies to examine how they do business in the years ahead.

JLL New… Read More

Office Insights – Q1 2016

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​While last year’s activity was largely driven by expansions, 2016 is starting out with tenants staying the course. More than half (53.8%) maintained their current occupancy this quarter, rather than expanding. But that hasn’t tempered landlord optimism.

Rents increased 3.2% on average nationwide—the highest quarterly rent growth of this cycle. Bolstered by strong tenant demand and unshaken by concerns over the strength of the economy, landlords continued to push rates in the… Read More