Reimagined Office Spaces: A New Era in Monmouth and Ocean County

Modern Workspaces: Landlords Are Reshaping the Commercial Real Estate Landscape with Modern Workspaces

By Andrew Krantz, Commercial Real Estate Attorney at Zager Fuchs
The traditional image of a corporate office — rows of cubicles, fluorescent lighting, and closed-door meetings — is rapidly becoming a relic of the past. As the workforce evolves and demands for flexibility and collaboration increase, landlords in Monmouth and Ocean County, New Jersey, are at the forefront of reimagining office spaces.

The Rise of the Hybrid Workplace

The COVID-19 pandemic accelerated a trend that was already underway: the rise of the hybrid workplace. With more employees working remotely or adopting flexible schedules, the need for traditional, assigned workstations has diminished. Landlords are responding by creating more adaptable spaces that can accommodate a variety of work styles and preferences.

One notable example is the redevelopment of the former Monmouth Mall in Freehold, New Jersey. The mall, once a bustling retail hub, is being transformed into a mixed-use development that includes office space. The office component features flexible layouts, collaborative workspaces, and ample natural light. By offering a modern, amenity-rich environment, the developers hope to attract businesses seeking a departure from the traditional suburban office park.

Amenities Beyond the Basics

In addition to flexible layouts, landlords are also investing in a wide range of amenities to enhance the tenant experience. Fitness centers, outdoor spaces, and social areas are becoming standard features in many modern office buildings.

The Red Bank RiverCenter, a mixed-use development in Red Bank, New Jersey, is a prime example of this trend. The development includes a variety of office spaces, as well as a rooftop terrace with stunning views of the Navesink River. The terrace provides a unique setting for outdoor meetings, events, and relaxation.

Leveraging Technology

Technology is playing an increasingly important role in creating flexible and efficient office spaces. Landlords are incorporating smart building technology to optimize energy consumption, improve air quality, and enhance security. Additionally, many buildings now offer high-speed internet, conference rooms with advanced audiovisual equipment, and collaborative tools to support remote work.

The Ocean Plaza in Asbury Park, New Jersey, is a good example of a building that leverages technology to enhance the tenant experience. The building features a state-of-the-art conference center with advanced audiovisual equipment, as well as high-speed internet throughout. These amenities make it an attractive option for businesses that need a modern, technology-enabled workspace.

A Focus on Wellness

As employers prioritize employee well-being, landlords are creating office environments that promote health and wellness. This includes features such as ergonomic furniture, access to healthy food options, and on-site wellness programs.

The Bell Works, a former Bell Labs facility in Holmdel, New Jersey, has been transformed into a vibrant mixed-use development. The office spaces within the building feature ergonomic furniture, access to outdoor walking paths, and on-site fitness classes. These amenities contribute to a healthier and more productive work environment.

The future of office spaces in Monmouth and Ocean County is bright.

By adapting to the changing needs of tenants and investing in amenities and technology, landlords are creating dynamic and attractive environments that will continue to draw businesses to the region. As the workforce continues to evolve, we can expect to see even more innovative and forward-thinking office spaces emerge.

To learn more about how Zager Fuchs can help you with your commercial real estate needs, contact Andrew Krantz