| Impact
of New Jerseys Growth
While the citys Class A office space inventory barely
grew, New Jerseys Hudson River waterfront developments
experienced tremendous growth. Between 1990 and 2000
some 12 million square feet of low-cost office space
was built on the waterfront. This amount of office space
represents enough space for 50,000 employees that, if
located in New York City, would be the equivalent of
$150 million in 2003 tax dollars. New Jersey offers
inexpensive, large floorplate office buildings that
are ready to be occupied in a short time frame. In 2000
alone, 32 New York City companies relocated to New Jersey
taking with them approximately 9,000 jobs.
New Jersey Shoreline
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