Much like many other states that have a high concentration of large companies, the area has been seeing a boom in commercial and real estate developments. While pop culture has seemed to paint the area in a bad light, when you look closer at the state of New Jersey you’ll see a booming economic outlook with a plethora of different options to explore in all vocations and industries. Despite a high unemployment rate, there are many different areas with office suites options. The office vacancy rate of New Jersey has been on average 18% and has seen a relative slow down in recent months. There are many different areas in the greater state of New Jersey to explore in terms of office space. Whether you’re looking for retail office space, warehouse spaces, and much more, you’ll find that options exist in a variety of prices. In a recent search of several areas, results yielded office space prices at around $1.50 a square foot for 1,000 square feet and more. The prices are average compared to a lot of large areas, and are cheaper than the neighboring New York area. There are even executive office suites in a variety of counties and with many amenities at around $400 - $500 a month, and in some cases all-inclusive. Office furniture options abound as well, not just with big box retailers, but also small stores that specialize in furniture specifically for office suites. We service Bridgewater, Cherry Hill, Newark, Marlton, Morristown, Parsippany, Red Bank, Sea Girt. We also service New York, Boston, Philly, and Hartford.
Once you decide on where you will rent a New Jersey office suite, the next decision is what type of floor plan to go with? It won't matter if you are leasing a temporary unit, an entire building, or just a private executive suite, you need to think about the floorplan and all that goes with it. Some basic ideas are do you need a bullpen design for a call center, or maybe a conventional design for a medical office? Cubicles and office workstations for example can be rented. The interior of any office can be customized for 1, 10, 25, or even 100 or more employees, but the number of employees really does matter when you start thinking about bathrooms, parking, etc. To learn more about picking and designing an appropriate office suite floorplan please read our helpful guide.
The mid-Atlantic state of New Jersey is one of the larger states in the region and in some spots is in close proximity of New York. It also borders Pennsylvania and Delaware. It is the most densely populated state in the United States. The city has a deep history that dates back to the foundations of the United States, and was admitted into the union in 1787. The population is ranked 11th in the United States and has been estimated to have 8,707,739 residents. There are a lot of areas to explore in the state and a lot of different companies are in the area that helps shape the area’s business dealings. The median annual income is roughly $70,378 and is 2nd in the United States.
The economic picture of New Jersey relies on a lot of different factors. There is a great deal of industries that call the area home. The largest industries include pharmaceutical, chemical development, food processing, printing, publishing and tourism. The area also has a large concentration of high tech industries and much more. Some of the larger companies in the state include, Johnson and Johnson, Pfizer, Novartis, Shcering-Plough, Verizon Wireless, Avay, Alcatel-Lucent, and many other large companies. It has also been said that the labor pool in the state is among the largest and well educated in the nation. Despite a large amount of employment opportunities throughout the regions, the unemployment rate for the state averages around 10% and is relatively higher than the national levels.
New Jersey is home to five teams that are in professional leagues. Some of the teams in the state include the New Jersey Devils in the NHL, the New Jersey Nets in the NBA, Red Bull New York in Major League Soccer, and the New York Giants in the NFL. The area also houses many different minor league teams for baseball, hockey and lacrosse. The state has a long lasting tradition of sports and championship teams.