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Southern NJ Office Market Strong, But in a Holding Pattern: WCRE

There were approximately 421,113 square feet of new leases and renewals executed in Burlington, Camden and Gloucester Counties, an increase of about 6.6 percent compared with the previous quarter.

By Steve Lubetkin | stevelubetkin | Updated on October 18, 2017

Jason Wolf, founder and managing principal of WCRE Jason Wolf, founder and managing principal of WCRE

MARLTON, NJ—The Southern New Jersey market is in good shape, but remains in somewhat of a holding pattern, according to commercial real estate brokerage firm WCRE’s latest quarterly analysis.

“For most of 2017 we have seen an overall positive tone and conditions that usually indicate a period of strength,” says Jason Wolf, founder and managing principal of WCRE. “The national economy has been adding jobs, the financial markets are on a hot streak, and our market continues to attract outside investors – yet increased activity and enthusiasm are tempered by trouble in the retail sector and uncertainty related to current events.”

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