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Consolidate, Consolidate, Consolidate

The New Jersey commercial real estate market is merely shifting tenants from one box to another, with few if any real gains in tenancy.

By Debra Hazel | Updated on November 30, 2011

In an era where new office projects are few and far between, two recent groundbreakings should be cause for elation. But the even as construction jobs are created by the new Church & Dwight headquarters in Princeton and Bayer‘s purchase of part of Alcaltel-Lucent‘s campus, it doesn’t as yet signify real growth.

What happens to the space being vacated? The state saw a net job loss of 265,700 from January 2008 to January 2011, according to a just-released study by Rutgers’ Edward J. Bloustein School of Planning and Public Policy. Find it here.

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