Landlords with available rental space should consider marketing that space to the state of New Jersey, especially in this tight real estate market.
The broad leasing opportunities are illustrated by the Department of Treasury website. As of July 2012, the state had 291 leases in New Jersey comprising approximately 7.6 million square feet of office space, and 1.9 million square feet for other state uses ranging from 20 square feet for Department of Environmental Protection air monitoring stations, to close to 400,000 square feet for administrative offices. The state leases are for all departments of the state, including space for administrative offices (as noted), client-service space (e.g., unemployment offices and parole offices), state police barracks, court rooms and other uses.
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