CoreWeave Signs 31,000 SF Office Lease Expansion in Livingston, New Jersey
Why this matters
Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.
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On the RET wire
- Disclosed office deal value tracked in September 2026: $14B across 73 reported transactions. All Office coverage →
Computed from Real Estate Trail’s own tracked coverage
LIVINGSTON, N.J. — CoreWeave has signed a 31,000-square-foot office lease expansion at its headquarters facility in the Northern New Jersey community of Livingston. The cloud computing company now occupies 62,000 squa…
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