Category Archives: Office

Three Ways to Improve Your Workplace in 2017

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In the New Year, companies will continue to look to their physical office space as a strategic way to attract and retain top talent. JLL compiled a list of seven things to consider when enhancing your workplace and your employees’ experiences in 2017.

Below are three tips to keep in mind:

  1. Keep pushing flexibility

Flexible space has proven to be more productive and cost-effective, but employees still aren’t taking advantage because they still aren’t… Read More

Select Northern New Jersey Submarkets Drive Q3 Absorption of Class A Office Space

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cow_new-jersey_nov_7_2016

  • After registering negative absorption earlier this year, a rebound in leasing velocity changed the course of the Northern New Jersey Class A market during the past six months. Demand for Class A space led to 335,970 square feet being absorbed in the second quarter, followed by an additional 501,450 square feet
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JLL 2016 Tech Outlook

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The technology sector is still the leading industry for real estate expansion and employment growth. JLL’s 2016 Tech Outlook features everything you need to know about tech today in the United States.

Top Five National Trends to Watch

  1. Technology remains the leading industry for real estate expansion in the United States and has quickly become a key economic driver in many cities.
  2. National tech employment may be slowing, but it’s still driving employment growth
  3. Read More

Technology Sector Drives Q3 Office Demand

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  • cow_new-jersey_oct_10_2016While banking/financial services and pharmaceutical/life sciences have historically accounted for a large portion of Northern and Central New Jersey office demand, information/technology companies recently stepped into the batter’s box. This sector accounted for nearly one-third of leasing activity during the third quarter compared to less than 10.0 percent of transactions one
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JLL New Jersey’s Project and Development Services Team Helps Clients Boost Collaboration

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JLL’s Jerry Sullivan, senior vice president of New Jersey’s project and development services (PDS), shares the impact of upgrading the workplace to encourage collaboration and productivity.

Given the trends we are tracking in the workplace, Sullivan indicates “Greater focus on including programmed work areas that have mixed-use, multi-functional attributes for meetings, work activities and socialization are becoming important benefits to employees when they evaluate their work experience.”

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New Jersey’s Newest Office Buildings Boast Lowest Vacancy Rates

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  • cow_new-jersey_sept_12_2016While the Northern and Central New Jersey overall office vacancy rate was 24.4 percent in the second quarter, vacancy rates varied depending on a building’s year of construction.
  • Approximately 40.0 percent of the 158.7 million-square-foot office market were constructed during the 1980s. These buildings posted an average vacancy rate of more than
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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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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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