The Reel

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A blog for breaking sales and neighborhood real estate news.

So far in 2014, the strength of northern New Jersey’s commercial real estate market has been linked primarily to the multifamily and industrial sectors, but one of the best-performing subsectors rarely mentioned is medical office buildings. As an inconspicuously popular asset class, medical offices are quietly reaching peak levels of investment and leasing activity at steadily rising prices per square foot and continually compressing cap rates. An evolving healthcare industry, along with a unique stock of buildings in the Garden State, has created ripe conditions for medical office properties to flourish as an outperforming highlight of the northern New Jersey market.

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