Which Sectors Occupy Office Space Along the Hudson Waterfront?

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  • COW_New Jersey_May_2_2016
  • While banking/financial services firms had initially populated office space in the Hudson Waterfront, other sectors have also sought to establish their footprint in this strategically located market.
  • Retail/consumer goods, business services and information/high-tech sectors collectively accounted for approximately 85.0 percent of the leases completed in the Waterfront during the first quarter.
  • Among the companies active in early 2016 was e-commerce startup Jet.com, which doubled its headquarters to 80,000 square feet, while Rubbermaid/Newell Brands leased nearly 100,000 square feet for its operations.
  • The availability of high-end Class A office space at competitive rental rates in proximity to Manhattan will continue to drive tenant requirements in this submarket.

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