North Jersey is fifth-costliest market to plant corporate headquarters
Northern New Jersey is the fifth-most-expensive place in the nation to operate a corporate headquarters, according to a study done by a Princeton-based consultant specializing in site selection.
It costs $43.4 million a year to run a headquarters in Newark/Northern New Jersey, Boyd Co. found in its 2012 study. This region of the state ranks behind No. 1 New York City; San Jose/Sunnyvale/Santa Clara, Calif.; San Francisco; and Nassau/Suffolk, N.Y.
The cost to operate a headquarters in New York City was pegged at $47.2 million by Boyd. For No. 2-ranked San Jose it was $46.6 million, with San Francisco at $46.2 million. The operating costs for a headquarters in Nassau/Suffolk were $44.3 million, according to Boyd’s data. (Moss, The Record)
