US EditionLarge blocks hit New Jersey office market in Q1, outpacing leasing volume as availability grows – Real Estate NJ
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Large blocks hit New Jersey office market in Q1, outpacing leasing volume as availability grows – Real Estate NJ
55 Corporate Drive in Bridgewater — File photo/Courtesy: CBRE By Joshua Burd The rate of available office space in New Jersey ticked upward in the first quarter, thanks to several large blocks hitting the market and what brokerage firms say was modest leasing activity. A report by CBRE tracked 192,000 square feet of negative absorption or a decrease in overall occupied space during Q1, pushing availability up by 20 basis points to 24.5 percent. …
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