Colliers says leasing demand, fewer new supply additions lifted N.J. office market in 2Q

Colliers says leasing demand, fewer new supply additions lifted N.J. office market in 2Q

Colliers, a publicly traded professional services and investment management company, said July 10 that resilient leasing demand and a slowdown in new supply additions produced a strong second quarter in the New Jersey office market. The company said that despite fewer large transactions, leasing activity clocked in at 2.1 million square feet, a 6.3% increase from the same period a year ago. Colliers said “tenants across size segments continued t…