Coming off a solid 2017 Manhattan office market, the reduced corporate taxes, and relaxed financial regulations should boost office leasing, according to CBRE experts.
Seven additional tenants have signed at Bishop Ranch, many citing City Center, a collection of dining, retail and entertainment experiences, as one of the overriding factors in the decision-making process.
“We are cautiously optimistic that market fundamentals will remain strong, that industrial will remain hot, at least till the end of the year,” says Michael McGuinness, CEO of the NAIOP New Jersey chapter.
The market must increase density, reduce development costs and foster community in order to help meet the demand for affordable residential builds, says the City's Kris Michell at Thursday's Economic Roundtable.
MCC IV is one of Morris County's premier office properties, with two, five-story office buildings totaling 350,917 square feet, connected by a signature, four-story glass atrium lobby.