NJ Spotlight News

Business Report: Office leasing rebounds in NJ

Clip: 07/12/2022 | 2m 34s

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The commercial real estate market is picking up. New data from the real estate firm Coldwell Banker Richard Ellis, shows New Jersey’s office leasing market is rebounding. Year-to-date leasing of more than 3 million square feet is up 127% from the same period a year ago. And asking rents are up 4% over the prior year. The report tracks leasing activity in central and northern New Jersey.

Aired: 07/12/22 | Rating: NR

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