Offices re-open as restrictions begin to ease

COVID-19 forced many New Jersey business to transition to remote work scenarios in March 2020, but organizations are now cautiously welcoming employees back into their offices as the state continues to re-open in stages. While the difficulty of social distancing on public transportation poses a particular risk to certain submarkets like the Waterfront, the overall market is better positioned to execute return to work plans due to its reliance on personal vehicle commutation. As a result, the New Jersey office market may be considered as a suitable alternative for Manhattanbased tenants looking to relocate or redistribute their workforces. Select submarkets including Morris and Suburban Essex have seen increased demand from short-term requirements from New York City, as key stakeholders reside in these communities.

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