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DTZ Office Rents and Availability Score: North Jersey Up; Central NJ Down

CHATHAM, NJ–Rents increased in Northern New Jersey in 2014, but availability also rose, according to DTZ's Fourth Quarter 2014 Office Market Snapshot for Northern and Central New Jersey. In Central New Jersey, rents eased slightly, but availability also declined.

By Steve Lubetkin | Updated on January 21, 2015

CHATHAM, NJ–Rents increased in Northern New Jersey in 2014, but availability also rose, according to DTZ‘s Fourth Quarter 2014 Office Market Snapshot for Northern and Central New Jersey. In Central New Jersey, rents eased slightly, but availability also declined.

“Looking back over 2014, there were many bright spots, but there is still room to grow,” said Raymond Trevisan, managing principal of DTZ. “We expect to see continued improvement in the office market sector in 2015, as many of the positive economic factors are indicating.”

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