Family Office Briefing on research byLee & Associates·Apr 25, 2023
2023 Q1 New Jersey - Office
New Jersey office market sees leasing velocity decline and rising vacancy rates in Q1 2023 — family offices should consider co-GP opportunities with experienced operators.
Key Metrics
| Metric | Value |
|---|---|
| Vacancy Rate | 11.1% |
| Net Absorption | (816,664)SF |
| Leasing Velocity | 2.2MM SF |
Metrics extracted from the source report and independently fact-checked. Method →
Full report
Lee & Associates
Building a thesis around New Jersey? Share it confidentially with the Thesis Exchange — we pair you anonymously with family offices running adjacent office strategies.
Peer Network · By Invitation
The Thesis Exchange
Share an investment thesis in confidence. We pair you anonymously with up to two other family offices running adjacent strategies. Reviewed by Gallium's editorial team. No vendor pitch.