Colliers Sees Flight to Quality in Office, Industrial


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John Obeid, senior director, NJ research, Colliers International

PARSIPPANY, NJ—Brisk demand for class-A office and industrial space is characterizing third quarter activity in the Northern and Central New Jersey markets, according to the latest surveys by Colliers International.

It was the strongest quarter of leasing activity in 2015, with expansions and renewals fueling the market, particularly in the pharmaceutical industry, John Obeid, senior director, research, for Colliers New Jersey, tells exclusively.

As in recent quarters, there was a continued flight to quality among both office and industrial tenants, and a significant uptick in transactions exceeding 100,000 square feet…

Colliers Sees Flight to Quality in Office, Industrial



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