Tag Archives: Newark

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

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New Jersey’s Urban Transit Hubs: Quick Facts

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

Hoboken/Jersey City:

  • With more than 18.0 million square feet of rentable space, this market represents the largest transit hub market in Northern and Central New Jersey.
  • Nearly 90.0 percent of the office space consists of Class A buildings.
  • Competitive rental rates for high-end Class A space have historically attracted back office/support operations of Manhattan
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How does demand for Class B space in New Jersey measure up to demand for Class A?

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As highlighted in the 2015 JLL digital Skyline report, theme #4 focuses on demand for Class B space in major markets in the United States and Canada. The demand for these properties in New Jersey, however, has not seen an increase so far this year. Currently, Class B office buildings account for 55.9% (712 buildings) of the market, followed by 38.6% for Class A (491 buildings) and 5.5% for Trophy (70… Read More