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The latest addition to Harwood District is Number 10, the class-A office tower featuring 220,548 rentable square feet of office and La Rue Perdue, an alleyway consisting of retail and restaurant space.
There are still technical and legal challenges that must be addressed, but this transaction makes clear that blockchain is headed for commercial real estate.
“The I-78 corridor, particularly at Exit 33, remains of interest to globally recognized companies seeking quality office space near amenities and conveniences,” says Cushman & Wakefield's Frank DiTommaso II.
Due to strong leasing activity throughout most of the key submarkets, overall industrial vacancy in Northern and Central New Jersey fell another 20 basis points to 3.6 percent.
Economic activity has picked up since Hurricane Harvey and job growth is expected throughout 2018 with gains in sectors including manufacturing, real estate, arts and entertainment, and healthcare.