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REA
June 19, 2019  

MARKET SPOTLIGHT: Northern New Jersey Office Properties

Just over $1 billion of properties changed hands last year, the market’s lowest total since 2013, according to Real Estate Alert’s Deal Database, which tracks trades of $25 million and up. But a solid first half and a strong pipeline of listings indicate volume could double this year.Rent growth is being constrained by softening demand from drug and healthcare companies, and competition from cheaper metropolitan areas, according to...


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