Struggling discount retailers pressure property owners in southern New Jersey
Cherry Hill has been hit hardest by move-outs this year
New Jersey’s market for retail space remains supply-constrained due to limited new construction and robust demand for space powered by resilient consumer spending.
Record-high level of available sublease space begins to drag on Connecticut’s industrial market
Large East Hartford listing adds to elevated sublease availability
Connecticut’s industrial property market has been a steady performer over the past decade, with average occupancy oscillating around 95% during much of that time. Beneath the surfa...
Northern New Jersey's supply risk to test suburban industrial owners
Morris County claims the widest supply-demand imbalance heading into 2025
Industrial space demand in Northern New Jersey is stumbling into year-end as a trio of large move-outs weigh on net absorption, or the change in occupied space. Suburbs may current...
Long Island’s office availability falls from last year’s high
Hot spots remain, keeping the measure above the pre-pandemic average
Long Island, New York's office market is on track to see positive demand this year for the first time since 2018, helped by a notable drop in available space. The metropolitan area...
In New Jersey, multifamily developers begin hitting the brakes
Easing supply pressure, positive demand backdrop could support rent growth
Apartment project groundbreakings across New Jersey peaked in 2022 as developers, backstopped by rock-bottom interest rates, pursued projects in densely populated Hudson and Essex ...
Office owners across Fairfield County, Connecticut, brace for declining rents next year
Recent renovations in Greenwich should help attract tenants, soften the blow
The office market in Fairfield County, Connecticut, posted an average vacancy rate north of 13% over the past decade, along with sub-1% average asking rent growth. Unsurprisingly, ...
Developers target transit-oriented apartment development in Charlotte
More than a quarter of units built since 2020 are within half-mile of light rail station
Charlotte, North Carolina, has seen one of the country's most substantial apartment inventory expansions over the past five years, though it has been particularly intense around th...
Bay Shore and Amityville lead Long Island, New York, in transit-oriented apartment development
Suffolk County’s rental inventory near rail stations grows at double the rate of Nassau County
Long Island’s most populous areas are served by a busy rail network that provides commuters with easy access to employment nodes in Melville, New Hyde Park and Garden City. Moreove...
After steep dip, Northern New Jersey industrial leasing picks up pace
But property owners brace for potential port disruptions
A receding supply wave and improving demand had industrial property owners across Northern New Jersey hopeful that 2023 marked a low point for leasing. Indeed, space demand has imp...
Midtown Atlanta leads region in transit-oriented apartment development
Inventory near rail stations in Central Midtown will have increased by nearly 50% since 2020 once all existing multifamily projects are completed
While average rail ridership during weekday peak commute periods is still below pre-pandemic trends, multifamily developers remain optimistic about the long-term appeal of mass tra...
Stamford and New Haven lead Connecticut in transit-oriented apartment development
Surge in renter demand and low interest rates early in the pandemic spurred a construction boom
Connecticut’s population centers are served by a busy rail network that provides commuters with easy access to employment nodes throughout the state and New York City. While riders...
Denver, Philadelphia and Chicago lead in transit-oriented apartment development
Early bets on economic rebounds in transit markets have driven construction since the COVID-19 pandemic began
Since the end of 2019, some of the largest U.S. cities have seen an explosion in the growth of transit-oriented construction. In many cases, population and payroll growth have foll...
In New Jersey, Cautious Investors Target Multifamily and Industrial
Second-Half Push, Aided by Lower Rates, May Power Volumes Past 2023’s Total
After facing a demanding economic backdrop in 2023, one defined by restrictive monetary policy and moderating rent growth, New Jersey's commercial property investors are looking to...
Hauppauge Leads Long Island Metropolitan Area in Available Industrial Space
Tenant Preferences for Small-Bay Space Weigh on Demand for Larger Properties
The Hauppauge industrial node is Long Island's largest, with over 26.1 million square feet of space clustered predominantly around Hauppauge, Central Islip and Bay Shore. Industria...
Multifamily Developers Envision the Jersey Shore as a Year-Round Destination
Region’s Post-Pandemic Population Growth Spurs Apartment Boom
The Jersey Shore sits along New Jersey’s Atlantic coast, spanning Atlantic, Cape May, Monmouth and Ocean counties. It has traditionally been synonymous with waterfront vacation hom...
New Jersey Town's Growth Story and Location Continue To Attract Residents, Developers
Morristown Has Undergone Transformation Since the Pandemic
Morristown, the county seat of Morris County in Northern New Jersey, is known for its historical landmarks, vibrant downtown and cultural attractions. For the past five years, it’s...
New Jersey Industrial Owners Grapple With Growing Glut of Empty Big Box Spaces
Garden State Navigating Pandemic-Induced Construction Binge While Demand for Small-Bay Space Goes Unanswered
A persistent mismatch in New Jersey's industrial property sector between occupiers' space needs and the large number of oversized new projects reaching completion is fueling a bifu...
Multifamily Developers Keep Reaching for the Sky in Jersey City
Renter Demand Fuels Surge of Apartment High-Rises as Office Owners Struggle
The view looking west from Manhattan has changed dramatically in just a few short years, courtesy of an apartment boom that’s introduced 20 high-rises to Jersey City, New Jersey, s...
Industrial Vacancy Rate Hits Highest Level Since 2017 in New Jersey Capital
Owners Struggle To Navigate Negative Space Demand, Influx of New Supply
The Trenton, New Jersey, metropolitan area posted an average vacancy rate of 4.2% between 2021 and 2023, as newly completed logistics space was easily filled amid the pandemic. Lat...
Long Island’s Office Market Begins To Turn a Corner
Vacancy Likely Past Peak for This Cycle, Diverging From National Trends
After four straight years of negative absorption, or the change in occupied space, that saw tenants give back 4.2 million square feet of office space to landlords, it appears the w...