Investment and Development Outlook for a Growing Newark

Newark has seen sustained investment in recent years and signs point to this trend continuing into 2020. With low office vacancy rates and exciting local developments opening later on this year, we’ll explore where developers are looking for their next properties. With great proximity to transit access and iconic destinations like the Prudential Center, New Jersey’s largest city is poised for more growth.

As major brokers are seeking buyers for development sites and multifamily vacancy rents dip below 4% in the area, developers will be keeping a close eye on how the market performs in 2020.