Monthly Archives: August 2016

Which Sectors are Driving New Jersey’s Office Demand?

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COW_New Jersey_Aug_22_2016

  • Nearly two-thirds of leasing activity witnessed in the Northern and Central New Jersey office market since the beginning of 2016 was focused in three key business sectors: banking/financial services, pharma/life sciences and information/technology.
  • While banking/financial services and pharma/life sciences have historically accounted for a large portion of office tenant demand, the information/technology
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New Jersey/New York Metro Area in the “Front Nine”- JLL’s List of 18 Top U.S. Distribution Markets

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The New Jersey/New York Metro Area leads JLL’s list of the top 18 distribution markets in the United States. Similar to the golfing world, JLL focused on 18 markets (or holes) and breaks down the study to focus on both the “front nine” and the “back nine.”

One reason the New Jersey/New York Metro Area takes the top spot in the “front nine” is because occupiers and investors benefit from the East Coast’s largest seaport, The Port… Read More

Exit 8A Leasing Activity Strong in 2016

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  • COW_New Jersey_Aug_8_2016Big–box e-commerce requirements remain strong in New Jersey as Amazon.com, Blue Apron and Wayfair leased New Jersey’s largest availabilities. As a result of this demand, absorption skyrocketed in the second quarter of 2016, and is expected to continue at its current pace through the rest of the year.
  • Nowhere was this more evident than in
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JLL Data Center Outlook 2016

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New Jersey Data Center Outlook

In New Jersey, supply is somewhat ahead of demand at the moment, creating a more tenant favorable market. Historically a financial services driven market, the activity is more spread out over a diversified tenant base which includes social media, healthcare and technology clients.

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“The current supply allows for special concessions, like the flexibility for tenants to ramp their occupancy, which makes

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