Dental, Medical and Healthcare Real Estate in New Jersey

Tenant & Buyer Representation in New Jersey

New Jersey ranks as the most densely populated state in the U.S. Given its thriving job market, and stellar track record in health care and education, it’s no wonder: the Garden State is an inviting place in which to both live and do business.

A large part of New Jersey’s appeal stems from its serendipitous location between Boston, New York City, Philadelphia, and Washington, D.C.—effectively positioning the state as the gateway to some of the nation’s biggest cultural and historic landmarks. The Port Authority’s tunnels, bridges, and transit lines make it particularly easy to travel to New York City, with which northern New Jersey holds strong economic ties.

But New Jersey’s proximity to major cities in the Northeast is not its only selling point. The Garden State boasts the second highest median household income across the U.S. as well as one of the largest state economies. Pharmaceuticals, biotechnology, finance, tourism, and transportation dominate as New Jersey’s largest industries; altogether, the state’s GDP totals well over $500 billion.

Beyond its economic landscape, New Jersey also carries great cultural significance. Its largest city, Newark, is home to major performing arts programs and museums. Less than half an hour away, its neighbor Jersey City is known for its panoramic views of Manhattan, the Statue of Liberty, and Ellis Island. Further south, both locals and tourists flock to Atlantic City for its boardwalk, beaches and lively casinos.

 

 

From its convenient location to its vibrant economy, plenty of factors make New Jersey ideal for renting or investing in property. Healthcare providers, in particular, have much to gain.

New Jersey’s Healthcare Industry

Despite being the fourth smallest state, New Jersey is home to more than 22,000 healthcare establishments. These include nationally ranked hospitals, medical schools, and research institutions like the Rutgers Cancer Institute of New Jersey and Coriell Institute for Medical Research.

Aside from healthcare services and research, New Jersey is also a hub for the life sciences industry, a sector composed of biopharmaceutical, biotechnology, and medical device companies. Among these include Johnson and Johnson, Bayer, and Sanofi. The strength of this industry is such that New Jersey is known as the “medicine chest of the world.” Overall, the life sciences sector generates $96 billion in economic output, and impacts more than a tenth of all jobs in New Jersey.

For these reasons, New Jersey is an inviting place to invest, buy, or lease healthcare real estate. But without a licensed real estate specialist on your side, you’ll risk missing valuable opportunities, paying more than a fair market rate, or simply leasing the wrong space. With tenant representation, however, you’ll have a dedicated real estate expert advocating for your needs.

For anyone planning to rent or invest in healthcare property in New Jersey, CARR is prepared to help. As exclusive tenant representatives, our professionals are committed to guiding you toward a comprehensive and unbiased real estate solution.

NEW JERSEY TENANT REPRESENTAION SERVICES

Navigating a commercial real estate transaction for any healthcare tenant or buyer can be a daunting task, which is why it is so important to have professional representation before you begin any negotiations or even make a phone call on a particular space.

Particularly in New Jersey, medical tenants and buyers are faced with a unique real estate landscape due to population density and the increased demand for commercial space. Healthcare providers and practice managers should ask themselves the following questions:

  • Do I have the time to invest in looking for space?
  • And the 30 to 40 hours it takes to complete a typical transaction?
  • Have I done market research to identify the most optimal location based on prevailing market trends?
  • Am I comfortable negotiating my own lease and do I know what deal points to pursue?
  • Am I able to negotiate on multiple properties simultaneously to ensure I receive the most favorable terms?
  • Have I assembled the right team to finish my space?
  • Am I aware of all the potential complications and pitfalls to avoid?

 

If the answer to any of these questions is no, then you need professional representation that can advocate for you while protecting your interests.

 

From Newark to Trenton to Jersey City to Hoboken, CARR’s team of agents are experts in identifying the most optimal location and negotiating to achieve the best terms on your behalf.