Category Archives: Agency Leasing

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
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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
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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.

Blog-Data Center Image

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

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Metropark: New Jersey’s Transit Hub Continues to Attract Office Tenants

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  • Metropark-COW_New Jersey_Jul_11_2016The Metropark submarket is considered one of the most strategic office locations in the state, owing to its superior highway access and commuter rail service via Amtrak and New Jersey Transit.
  • These attributes have drawn recent office tenant requirements to this submarket.
  • After nearing 25.0 percent in 2014, the Metropark Class A
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Q2 2016: New Jersey’s Office Market Shows Signs of Improvement

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  • COW_New Jersey_Jun_27_2016After less than 2.0 million square feet of leasing transactions were completed in the Northern and Central New Jersey office market during the first quarter, leasing velocity ticked upward to just over 2.4 million square feet three months later.
  • However, demand remained below the more than 3.0 million square feet of leases
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Five Key Trends Shaping the New Jersey Skyline

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JLL’s 2016 Skyline Report focuses on the top-tier office market, looking at some of the most iconic and high-rent properties within CBDs and urban cores. This proprietary digital research piece provides insights on office supply, demand, rents and investment in 1,175 Skyline buildings across 52 markets in the United States and Canada.

The Jersey City Skylines by Hudson River

The Jersey City Skylines by Hudson

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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
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New Jersey’s Suburban Transit Hubs: Quick Facts

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JLL New Jersey’s 2016 Transit Hub Report features three of the state’s four suburban hubs. Below are quick facts about each.

MetroparkMetropark:

  • Considered one of the most strategic office locations in the state, owing to its superior highway access and commuter rail service via Amtrak and New Jersey Transit.
  • With more than 7,400 average weekday boardings, the Metropark Station is the fourth busiest New Jersey Transit
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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