Is Commercial Leasing Starting to Rebound in New Jersey?

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Is Commercial Leasing Starting to Rebound in New Jersey?

by Victor Kinon on July 13, 2012

For both landlords and tenants, it is important to understand the state of the New Jersey commercial leasing market. As we have mentioned in previous posts, shifts in supply and demand can greatly influence the bargaining power of the respective parties when negotiating a new lease or lease renewal.

The office-leasing market is finally showing signs of life, according to a new report by Jones Lang LaSalle. Data from the second quarter of 2012 revealed increased demand for leased office spaces in cities along the Hudson River, the Route 78 and 24 corridors, Princeton, and other areas of New Jersey.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Victor Kinon, Scarinci Hollenbeck | Attorney Advertising

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