“As the economy continues to improve and small and mid-sized businesses look to expand, we are strongly positioned to capitalize on growing demand for prime commercial space, as well as a flight to quality in the market,” says Adam Karafiol, senior vice president of leasing for Onyx Equities. “Our positive absorption is a testament to improvements in the market across all commercial sectors, including office, retail and industrial, as well as Onyx's continued ability to both retain and attract high-caliber tenants.”

“Companies today increasingly see their commercial space as an integral component of their growth strategies,” says Karafiol. “This has, in turn, impacted our approach to ensuring that we are providing the tenants of our properties with a world-class work environment that is aligned with their business objectives. From the adoption of leading-edge technology solutions that improve the responsiveness of our property management professionals to continuously reinvesting in our properties so we can maintain their competitive edge, we have evolved our business model in line with the changing needs of today's modern companies.”

Some of the more noteworthy leases completed by Onyx Equities during the first two quarters of 2014 include a 39,200-square-foot new lease with Sony Music at 301 Route 17 North in Rutherford, NJ; an 18,768-square-foot new lease with Berkeley Insurance, also at 301 Route 17 North; a 17,547-square-foot new lease with Artech Technologies at 350 Mt. Kemble in Morris Township, NJ; and a 9,500-square-foot new lease with PNC Wealth Management at 257 E. Ridgewood Avenue in Ridgewood.