Cushman & Wakefield New Jersey Update Paints Mixed Picture
July 28th, 2008
Three Cushman & Wakefield reports covering New Jersey office and industrial markets depict a state that’s for the most part mirroring the national commercial real estate scene’s uncertainties, ambiguities and contradictions. In northern New Jersey, overall office vacancy rates are currently 16.2 percent, which is up 0.2 percentage points since the first quarter. Office leasing activity is down 43 percent from the first quarter. The central New Jersey office market is broadly similar. On the industrial side, the bad news is jobs and the good news is high-tech space and the Port Region.Entry Filed under: News
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