Garden State office market impacted by consolidations.Grubb & Ellis ELLIS - EuLisp LInda System. An object-oriented Linda system written for EuLisp. "Using Object-Oriented Mechanisms to Describe Linda", P. Broadbery <pab@maths.bath.ac.uk> et al, in Linda-Like Systems and Their Implementation, G. Wilson ed, U Edinburgh TR 91-13, 1991. Company announced the release of its Fourth Quarter 2006 Northern and Central New Jersey Office and Industrial Market Trends. "The Northern and Central New Jersey office market was a tale of divergent di·ver·gent adj. 1. Drawing apart from a common point; diverging. 2. Departing from convention. 3. Differing from another: a divergent opinion. 4. storylines in 2006," said Stephen Stephen, 1097?–1154, king of England (1135–54). The son of Stephen, count of Blois and Chartres, and Adela, daughter of William I of England, he was brought up by his uncle, Henry I of England, who presented him with estates in England and France and Jenco, Client Services Manager of Grubb & Ellis' New Jersey offices. "After positive leasing velocity led to lower availability rates during the first half of the year, consolidations were effectively countering moderating demand in the second half of the year." These consolidations and corporate reorganizations translated into more than 420,000 square feet of negative net absorption in the latter half of 2006 compared to 443,360 square feet being absorbed during the first six months of the year. Regarding the industrial market, Jenco stated, "The Northern and Central New Jersey industrial market finished 2006 on a strong note, as a rebound rebound (rē´bownd), n/v 1. a recovery from illness. n 2. an outbreak of fresh reflex activity after withdrawal of a stimulus rebound adjective in demand led to positive absorption figures. Nearly 8 million square feet was absorbed in the industrial market in 2006 compared to more than 2.4 million square feet of negative absorption in 2005." However, he cautioned that any slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. in U.S. economic growth in the coming year will need to be carefully monitored as it relates to the future courses of the office and industrial real estate markets. Among the highlights of the Office Market Trends: * The Northern and Central New Jersey overall office availability rate ticked upward to nearly 20%, compared with 19.3% in the third quarter. * With nearly 274,000 square feet of positive net absorption, the Morristown Morristown. 1 Town (1990 pop. 16,189), seat of Morris co., N N.J., on the Whippany River; settled c.1710, inc. 1865. Although chiefly residential, it has diverse manufactures, including electronic products, health and beauty aids, auto parts, and Area submarket sub·mar·ket n. A geographic, economic, or specialized subdivision of a market. adj. Being below what is usual in a particular market: submarket wages; submarket interest rates. posted the largest volume of positive absorption in the state. * After posting 10 consecutive quarters of positive absorption dating back to mid 2004, this streak was broken in Central New Jersey as corporate consolidations unleashed additional space onto the market during the fourth quarter. Among the highlights of the Industrial Market Trends: * The Northern and Central New Jersey overall industrial availability rate retreated to 8.7% at year-end 2006, compared with more than 9% a year ago. * Consolidations and new construction collectively led to more than 974,000 square feet of negative net absorption occurring in the Exit 8A submarket. [GRAPHIC OMITTED] |
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