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Class A office sublease space trends higher for past year/459/new-jersey-11-6-17-class-a-office-sublease-space<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/people-conference-office.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/459/new-jersey-11-6-17-class-a-office-sublease-spaceClass A office sublease space trends higher for past yearConsolidations and relocations released a steady supply of sublease space onto the Northern and Central New Jersey Class A office market during the past year.
Class A office market remains in holding pattern/441/new-jersey-10-30-2017-office-market-holding-pattern<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/building-australia-sky-looking-up.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/441/new-jersey-10-30-2017-office-market-holding-patternClass A office market remains in holding pattern​Since posting 932,200 square feet of negative net absorption during the fourth quarter of 2016, the Northern and Central New Jersey Class A office market had been overshadowed by diminished leasing velocity, which kept the vacancy rate in check.
Information/technology sector driving office demand/422/new-jersey-10-23-2017-it-sector-driving-office-demand<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/technology-graphs-computers.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/422/new-jersey-10-23-2017-it-sector-driving-office-demandInformation/technology sector driving office demandAfter fueling more than one-quarter of leasing activity in the Northern and Central New Jersey office market during the second quarter, the information/technology sector remained in the driver’s seat through the third quarter
Lack of larger leases keeping office market in neutral/404/new-jersey-10-16-2017-lack-of-larger-leases<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/building-modern-office-trees-sky.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/404/new-jersey-10-16-2017-lack-of-larger-leasesLack of larger leases keeping office market in neutral​Leases in excess of 100,000 square feet have been elusive in the Northern and Central New Jersey office market since the beginning of 2017.
Overall office vacancy rate in neutral gear as leasing volume at eight-year low/384/new-jersey-10-9-17-office-vacancy-in-neutral<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/building-exterior-office.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/384/new-jersey-10-9-17-office-vacancy-in-neutralOverall office vacancy rate in neutral gear as leasing volume at eight-year low​Approximately 1.4 million square feet of transaction were signed in the Northern and Central New Jersey office market during the third quarter, which continued a trend of diminished volume since the beginning of 2017.
New Jersey employment gains show uneven growth/373/new-jersey-10-2-17-employment-gains-show-even-growth<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/people-call-center.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/373/new-jersey-10-2-17-employment-gains-show-even-growthNew Jersey employment gains show uneven growth​Approximately 44,300 private sector jobs were created in New Jersey during the past year.