Market

Our New Jersey office tracks local real estate market statistics in Northern New Jersey by 21 primary geographic submarkets situated immediately between two of the largest metropolitan areas in the United States—New York City and Philadelphia.  With a combined inventory of over 289 million square feet in over 7,400 buildings, northern New Jersey is the sixth largest office market in the country.  The primary product type is suburban, low-rise office development offering easy access via the comprehensive highway infrastructure throughout the region.  The industry mix is mature and diverse with significant representation from the financial services, telecommunications, chemical, pharmaceutical, insurance, health care, and biotech industries.  Twenty-one Fortune 500 companies are headquartered in New Jersey.

New Jersey occupies a key position as the central state in the largest economic concentration in North America.  The state’s location places it within a 24-hour truck-ride radius of more than 100 million consumers with a collective purchasing power of $1 trillion.  As the epicenter of the nation's largest business corridor, New Jersey is attractive for international business and home to more that 1400 foreign-based firms.  The region is serviced by three major international airports, and the Port of New York and New Jersey is the third largest port complex in North America.  With an inventory of 759 million square feet in over 12,000 buildings, northern New Jersey is the third largest industrial market in the United States.

Company

Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Portfolio / Lease Administration, Capital Markets, Sustainability, Industrial / Supply Chain and Facilities Management. With more than 55 offices, Cresa is the largest tenant representation firm in North America. Through its alliance with Savills, one of the world's largest commercial real estate services firms, Cresa covers more than 255 locations in 40 countries.