NJ Spotlight News

Business Report: Office leasing rebounds in NJ

Clip: 07/12/2022 | 2m 34s | Video has closed captioning.

The commercial real estate market is picking up. New data from the real estate firm Coldwell Banker Richard Ellis, shows New Jersey’s office leasing market is rebounding. Year-to-date leasing of more than 3 million square feet is up 127% from the same period a year ago. And asking rents are up 4% over the prior year. The report tracks leasing activity in central and northern New Jersey.

Aired: 07/12/22

Rating: NR

Problems Playing Video? | Closed Captioning

NJ Spotlight News is a local public television program presented by THIRTEEN.