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New Jersey Lands Biggest Office Lease in Years, But Sector Challenges Remain

NJ Transit Signs Deal for Market’s Largest Deal of Its Kind Since 2021
NJ Transit's plan to move its headquarters to Gateway Two in Newark has caused a stir. (CoStar)
NJ Transit's plan to move its headquarters to Gateway Two in Newark has caused a stir. (CoStar)
CoStar News
July 12, 2023 | 8:52 P.M.

Northern New Jersey's ailing office market just got a big boost from one of its biggest new leases in years, but some analysts say the transaction isn't a watershed for that troubled commercial real estate sector.

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