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Garden State’s Cities Take Center Stage

With the single-family market still in flux, New Jerseyans are gravitating back to urban cores to live, work and play

By Jacqueline Hlavenka | Updated on November 21, 2011

It took several years, $102 million in tax credits and even a lawsuit, but Panasonic’s landmark decision to move from exurban Secaucus to Newark’s burgeoning central business district earlier this year symbolized more than just a 250,000-square-foot lease. For the commercial real estate industry, the deal demonstrated a profound shift in the state’s social fabric: people are trading suburban sprawl to live and work in New Jersey’s cities.

“There’s a whole human movement to becoming more metropolitan,” says Gil Medina, executive managing director at Cushman & Wakefield’s East Rutherford office. “It is very powerful. It is grounded in our being as social creatures.”

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