Every now and then we get to share some good news about New Jersey. Once is a decade or two, we might see some rather dramatic or even tectonic shifts in the foundations of New Jersey office space that can affect the office market and all its participants for years to come. What am I referring to, you ask? I… Read More

We live in changing times, and that means that the business world we know may not be so, at least in the world of New Jersey real estate. Here are some truths that are just aren’t so: Myth #1- When business growth is weak, demand for space decreases. Reality: Here in New Jersey we have been losing thousands of jobs in… Read More

Business owners are trying to come to grips with ways to successfully negotiate in a Landlord market. It has been almost two decades since we last saw anything like this, and it is difficult for Tenants in 2017 to handle the changes. Tenants have become accustomed to working with compliant Landlords seeking to eagerly accommodate the desires of the Tenant,… Read More

Back in November, 2016, we released a warning with my prescient article, “The Return of the Landlord Market”. Now, just 90 days later the evidence is in and it is incontrovertible. Case in point---Metropark, New Jersey with 18 properties consisting of 3.2 million square feet, the majority of which are Class A. The average rent in this market in 2014 was… Read More

The New Year is here and if you are an office tenant your escalation invoice is probably on the way. According to the lease, most office tenants are responsible to pay their proportionate share of increases in Real Estate Taxes and Operating Expenses above the Base Year (usually the first calendar year of the lease term). This seems all well… Read More