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Multifamily Building Boom Poised To Transform New Jersey's Northeast Morris County

Apartment Stock Expected To Increase by 42% As Obsolete Offices Are Redeveloped
Rendering of PARQ Parsippany, a 600-unit development at the site of the former Lanidex Plaza office complex. (CoStar)
Rendering of PARQ Parsippany, a 600-unit development at the site of the former Lanidex Plaza office complex. (CoStar)
CoStar Analytics
May 23, 2023 | 8:54 P.M.

Northern New Jersey’s urban cores, namely Greater Newark and Eastern Union County, tend to garner the most headlines for their massive transit-centric development projects. Yet as CoStar’s construction data reveals, suburban areas can grab their share of the new development spotlight as well.

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