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New Jersey Office Market Slump Worsens

Serendipity Labs Opens Downtown Ridgewood, Coworking Space

Landlords look to repurpose aging corporate campuses as tenants demand amenities and proximity to transit

Keiko Morris
April 23, 2017 8:00 a.m. ET

Office leasing in New Jersey hit its lowest levels in years in the first quarter, as aging, underused buildings and corporate consolidation weighed on activity, according to market reports and brokers.