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Owner-User Office Deals Drove NJ Sales in 2024 - Wolf Commercial Real Estate

Summary by Wolf Commercial Real Estate | South Jersey | Philadelphia PA
New Jersey’s office sales market is showing signs of recovery, with opportunistic buyers capitalizing on well-located properties at attractive valuations, according to the latest CoStar data. Office sales above $5 million rose 6% year over year to $519 million, fueled by a surge in owner-user transactions. In 2024, user-buyer deals accounted for 24% of total office sales, up from just 7% between 2019 and 2023. These transactions totaled nearly $…
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Wolf Commercial Real Estate | South Jersey | Philadelphia PAWolf Commercial Real Estate | South Jersey | Philadelphia PA

Owner-User Office Deals Drove NJ Sales in 2024 - Wolf Commercial Real Estate

New Jersey’s office sales market is showing signs of recovery, with opportunistic buyers capitalizing on well-located properties at attractive valuations, according to the latest CoStar data. Office sales above $5 million rose 6% year over year to $519 million, fueled by a surge in owner-user transactions. In 2024, user-buyer deals accounted for 24% of total office sales, up from just 7% between 2019 and 2023. These transactions totaled nearly $…

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Wolf Commercial Real Estate | South Jersey | Philadelphia PA broke the news in on Wednesday, March 12, 2025.
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