A Rebound in Q3 Industrial and Office Leasing Activity

Cushman & Wakefield's Q3 report for Northern and Central New Jersey shows a rebound in industrial and office leasing. Industrial leasing reached 7.2 million square feet, a 53.7% increase from last year, with key demand in the Meadowlands, Exit 8A, and Port South. The office market is recovering, though overall leasing is slightly down year-to-date due to tenant consolidations. Notable projects include the transformation of 2 King Arthur Court into industrial use and the redevelopment of Princeton Pike Office Park into residential and retail spaces.