Real Estate Firms Eye State Incentives

New Jersey and New York used to battle regularly over big-name tenants using incentives as weapons. But the competition cooled in recent years partly because New York has become highly desirable as a place to live, which have more than compensated employers for higher costs. "New York City in particularly has become much more attractive for many of the firms that were looking to move to suburban office parks," Christopher Jones, RPA's vice president for research, told the Wall Street Journal.