Category Archives: New Jersey

JLL U.S. Industrial Outlook-Q2 2017

0 CommentsBy

 

U.S. industrial market rents are at an all-time high, inching up to $5.35 per square foot in Q2. Rents continue to escalate. Below are three things to look out for in the coming months.

  • E-commerce and logistics and distribution continue to dominate leasing activity in new construction, an indication of a sustained need for a modern “big box” product.
  • Rents inched up, reaching $5.35 per square
  • Read More

Why the smart money is flowing into lab space

0 CommentsBy

 

Article by JLL staff reporter

JLL Real Views

Once a little-known corner of the real estate world, life sciences real estate is rapidly gaining the attention of property investors.

With a lively base of well-funded potential occupants, a shortage of suitable properties and rising rents, the life sciences sector has all the factors for a strong return… Read More

2017 PAGI Seaport-Top 5 Trends

0 CommentsBy

JLL’s 2017 PAGI Seaport report includes the top five trends. As the global shipping industry continues to shift through bankruptcies, mergers and alliances, competition between ports is heating up. The completion of the Panama Canal expansion opened up new opportunities for East Coast ports.

New Jersey’s market conditions:

  • Over the past year, rents increased at a dramatic rate, as vacancy fell to new cycle lows. Demand for industrial space remained iron-clad as users
  • Read More

Investments in the Hudson Waterfront Remain Strong

0 CommentsBy

JLL Skyline focuses on the top-tier office market, looking at the most iconic buildings that define the skylines of our CBDs and urban cores. The site, and the corresponding marketing campaign, provides an overview of supply, demand, rents and leverage for 1,300+ Skyline buildings across 57 markets in the United States and Canada.

Read More

Discover opportunities in the Newark Skyline

0 CommentsBy

JLL Skyline focuses on the top-tier office market, looking at the most iconic buildings that define the skylines of our CBDs and urban cores. The site, and the corresponding marketing campaign, provides an overview of supply, demand, rents and leverage for 1,300+ Skyline buildings across 57 markets in the United States and Canada.

Read More

New Jersey Office Market Leasing Rebounds in Mid-2017

0 CommentsBy

 

  • Approximately 2.0 million square feet of leases were signed in the Northern and Central New Jersey office market during the second quarter, which represented a slight improvement from the 1.4 million square feet of leasing transactions in early 2017.
  • Despite this uptick, leasing volume remained below the 3.2 million square feet averaged
  • Read More

Route 78 Submarket Leads New Jersey With Available Sublease Space

0 CommentsBy

 

  • Nearly 17.0 percent of this sublease space was concentrated in the Route 78 submarket.
  • More than 4.2 million square feet was marketed for sublease in the Northern and Central New Jersey Class A office market during the first quarter of 2017.
  • Among the largest blocks overshadowing the Route 78 submarket was 310,000 square
  • Read More

U.S. Industrial Market Starts 2017 on a Positive Note

0 CommentsBy

JLL released the U.S. Industrial Outlook for Q1 2017, and the market started the year on a positive note.

Highlights for New Jersey Industrial:

  • The “new normal” for industrial rental rates has left many tenants with a feeling of sticker shock.
  • Vacancy rates in primary sub-markets reached new historic lows, and in some cases stand below 2.0 percent.
  • Despite the recent surge in rental rates for Northern and Central New Jersey, leasing velocity for new space
  • Read More

JLL’s Q1 2017 United States Office Outlook and New Jersey Office Insight Report

0 CommentsBy

Higher rents and continued growth in Q1 2017 resulted in optimistic forecasts for the United States office market. As a new phase of the economic cycle begins, there is a shift in supply and demand.

Shot of two colleagues walking and talking during a coffee break at work

The following are three things to… Read More