Tag Archives: Class A

Route 78 Submarket Leads New Jersey With Available Sublease Space

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  • 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 feet marketed for
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JLL’s Q1 2017 United States Office Outlook and New Jersey Office Insight Report

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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.

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The following are three things to keep an eye… Read More

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

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  • 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 absorbed three months
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Class A Rental Rates Increase in New Jersey’s Transit Hubs

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  • 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 space within these
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