EAST RUTHERFORD, NJ–Mostly, Cushman & Wakefield likes the way things are going so far this year for the New Jersey office market. In its report on the 2nd quarter, it cites growing office demand amid an uptick in the overall economy.
Of course, there is always that vacancy problem.
“Large blocks of vacant space have continued to impact the office market, but our research indicates that as available space has dwindled, asking rents have held steady and new leasing activity remains healthy,” said Kim Brennan, who is the East Rutherford-based firm's Market Leader.
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