Our Market

According to our most recent Tenant's Guide, a quarterly commercial real estate report focusing on North/Central New Jersey, job gains continued and the service sector grew at the fastest rate in a year. Corporate profits are strong, personal income is growing, car sales are up, and the stock market has climbed to over 13,000 points.

Consumer spending remains flat however, as rising gas and oil prices and Europe’s financial troubles could still derail the economic recovery. These concerns continue to crimp New Jersey’s office market, resulting in a dramatic slowdown in class A leasing, and a continuation of negative net absorption. However, stability in class B space and class A sublets may be forming a foundation for future growth.


Our Office

Based in Rutherford, N.J., our New Jersey office focuses on the north and central regions of the Garden State. We serve 21 primary submarkets situated immediately between New York City and Philadelphia, two of the largest metropolitan areas in the United States.

Cresa NJ–North/Central is a corporate real estate services provider that serves a wide variety of industries in New Jersey, including such sectors as technology, legal, pharmaceutical, biotech, insurance, chemical and telecommunications.
Whether rents are up or down, or concessions are becoming more common, Cresa NJ - North/Central will offer sound advice, using our data to help you make informed decisions. With an inventory of over 289 million square feet in more than 7,400 buildings, the territory serviced by Cresa NJ - North/Central is the sixth-largest office market in the country. Twenty-one Fortune 500 companies are headquartered in New Jersey, and industries represented in the state include financial services, telecommunications, chemical, pharmaceutical, insurance, health care, and biotechnology.

As a corporate real estate representative, we focus solely on the tenant's side of the commercial real estate transaction, eliminating any conflict of interest whatsoever. This practice allows us to best advocate for our clients, evaluating business goals and objectives, and negotiating cost-effective solutions.

Cresa NJ - North/Central's dynamic team of commercial real estate professionals will work to understand every facet of your business, establishing and developing a real estate strategy that aligns with your goals. This ensures that we find a real estate solution tailored to suit your needs for both the short- and long-term.

Our office is led by Co-Managing Principals Tom Giannone and Ron Ganter, who have leveraged their combined 62 years of commercial real estate experience to rapidly expand Cresa NJ - North/Central's capabilities since taking the helm in April 2011. Our location is also enriched by our seasoned commercial real estate professionals, who work hand-in-hand with our clients on every detail.


Company

Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Portfolio / Lease Administration, Capital Markets, Sustainability, Industrial / Supply Chain and Facilities Management. With more than 55 offices, Cresa is the largest tenant representation firm in North America. Through its alliance with Savills, one of the world's largest commercial real estate services firms, Cresa covers more than 255 locations in 40 countries.