>Smaller deals having outsized impact on N.J. office market, report finds
Driven by a series of small and midsized transactions, first-quarter leasing velocity in the northern and central New Jersey office market reached its highest mark in five quarters, according to a new report by Colliers International.
The brokerage firm’s New Jersey office found that leasing velocity — the total number of leases completed — grew about 20 percent from last quarter, said Matt Dolly, senior managing director at the Parsippany-based branch. The number of first-quarter deals also grew nearly 50 percent from the first quarter of 2011. (Burd, NJBIZ)