NJ Office Absorption and Vacancy, First Quarter 2018 NJ Office Absorption and Vacancy, First Quarter 2018

PISCATAWAY, NJ—The New Jersey office market experienced historically low net absorption during the first quarter of 2018, according to Transwestern’s First-Quarter 2018 Office Market Report. Abnormally high losses in two submarkets— the Hudson Waterfront and Somerset/I-78 East submarkets—accounted for decreasing occupancy levels.