Virus Creates Opening for Office Market In NJ Suburbs
Publisher: Law360
August 18, 2020
Katharine Coffey and Christopher Stracco, both partners at Day Pitney, were quoted by Law360 in the article, "Virus Creates Opening For Office Market In NJ Suburbs." The article discusses how although COVID-19 has cast dark clouds over the economy, there is a glimmer of hope for New Jersey's office market. Employees are more fearful of taking mass transits, and as a result, coronavirus has made businesses take a look beyond crowded New York City and into a more suburban office space. This has the potential to give a big boost to a struggling market that has seen tremendous vacancies. At the same time, the coronavirus has also made working from home a more palatable option for employers in the last six months. There is still much to consider as companies readjust their business plans to determine final impact on the NJ suburban commercial real estate market.
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