Somerset & Bridgewater Commercial Real Estate
The Somerset County corridor along I-78 and I-287 is one of the deepest pharma, life-sciences and telecom clusters in the Northeast, anchored by Verizon's operational campus in Basking Ridge, Amneal, Insmed and Nestle Health Science in Bridgewater, and by Advance Realty's Continuum and NJ Center of Excellence build-out. Class A office availability is elevated after Sanofi's 2024 relocation to Morristown and AT&T's exit from Bedminster, but a flight-to-quality dynamic has kept trophy assets and purpose-built R&D competitive on rent.
Why Somerset / Bridgewater
Deep pharma, life-sciences and specialty-chemical talent pool feeding executive-suburb office in Bridgewater, Bedminster, Basking Ridge and Warren
Direct I-78 / I-287 interchange, plus NJ Transit Gladstone and Raritan Valley lines for a 60-90 minute reverse commute from NYC
Highly walkable historic downtowns in Somerville and Morristown, and top-ranked schools in Bernards Township, Bridgewater-Raritan, Watchung Hills and Chatham
Cost snapshot
| Class A office (full-service) | Low- to mid-$30s per SF; trophy and repositioned assets pricing into the high-$30s |
| Class B office (full-service) | High-$20s per SF |
| Lab / R&D direct asking (NNN) | Overall ~$29-35 per SF; premium purpose-built lab and BTS pushing $45-60 per SF |
| Suburban office vacancy | Statewide NJ office vacancy ~21.9% (Class A ~$32.33/SF asking); central NJ suburban submarkets in line to slightly elevated |
| Parking | Free surface at corporate parks; ~4/1,000 SF typical ratio |
| As of Q3-Q4 2025 (source) | Cushman & Wakefield NJ MarketBeat, Colliers NJ Office Report, JLL life-sciences outlook |
Bands are current-market ranges; specific building rents vary by class, view, floor, and TI package. Text a broker for a real quote.
Anchor tenants / employers
- VerizonEast Coast operational HQ, 1 Verizon Way, Basking Ridge (Bernards Township)
- Amneal PharmaceuticalsUS corporate HQ, 400 Crossing Blvd, Bridgewater
- Insmed IncorporatedGlobal HQ, 700 US Hwy 202/206, Bridgewater
- Nestle Health ScienceUS HQ and R&D, NJ Center of Excellence, Bridgewater
- iconectivCorporate HQ, 100 Somerset Corporate Blvd, Bridgewater
- Peapack-Gladstone BankCorporate HQ, Bedminster
Major landlords / owners
- SJP Properties (with P3RE)Somerset Corporate Center, ~1.2M SF Class A campus, Bridgewater
- Advance Realty InvestorsNJ Center of Excellence and Continuum life-sciences / R&D campus, Bridgewater
- MetLife Investment ManagementBedminster Technology Center (former AT&T campus), 197 acres / ~940k SF
- Onyx Equities / Rubenstein Partners JV211 Mount Airy Road Class A office, Basking Ridge
Access & amenities
- ·Morristown
- ·Princeton
- ·Newark & Jersey City
- ·New Brunswick
- ·Parsippany / Morris Corridor
- ·Warren & Watchung
Angelo Mitlo
Bulldog Broker CRE advises office, life-sciences and headquarters users on the Somerset / Bridgewater / Bedminster corridor. We track live availability across Somerset Corporate Center, the NJ Center of Excellence, Continuum, Bedminster Technology Center and the executive-suburb Class A stock in Basking Ridge and Warren, and we run tenant-rep, disposition and sublease strategies on behalf of pharma, professional-services and corporate-services users.
Frequently asked
Isn't Sanofi still headquartered in Bridgewater?+
No. Sanofi vacated its 675,000 SF Bridgewater campus at 55 Corporate Drive in 2024-2025 and relocated its US headquarters to M Station West in Morristown. The Bridgewater campus is now available for redevelopment. The submarket is still deep with pharma users, but the tenant mix has shifted toward Amneal, Insmed, Nestle Health Science and lab / R&D users at Advance's NJ Center of Excellence and Continuum campus.
What are Class A office rents running in Bridgewater and Bedminster in 2025?+
Full-service Class A asking rents in the corridor generally price in the low- to mid-$30s per SF, with trophy and freshly repositioned assets stretching into the high-$30s. Statewide NJ Class A asking sits around $32 per SF with vacancy near 22%, so tenants have meaningful leverage on concessions and TI even at the top of the stack.
Where does lab and R&D space clear in this submarket?+
Overall New Jersey lab and R&D direct asking rent has been running in the high-$20s to mid-$30s per SF, while purpose-built and build-to-suit Class A lab commonly clears $45-60 per SF NNN. Bridgewater's NJ Center of Excellence and Advance Realty's Continuum campus are the primary purpose-built options, with JLL leading Continuum leasing.
What happened to the AT&T campus in Bedminster?+
AT&T's long-term lease with owner MetLife Investment Management expired and the tenant vacated the 197-acre, ~940,000 SF campus at 900 Route 202-206. MetLife retained JLL in 2024 to reposition the site as the Bedminster Technology Center, targeting single-tenant, multi-tenant, sale or partial redevelopment users.
How is the submarket connected to New York City?+
The corridor is at the I-78 / I-287 interchange with direct access to Newark Liberty, and NJ Transit's Gladstone and Raritan Valley lines feed Newark Penn and Hoboken with typical reverse-commute travel times of about 60-90 minutes to Manhattan.
Discuss the Somerset / Bridgewater submarket
Tenant, landlord, or investment
Whether you're shortlisting space, marketing an asset, or evaluating an acquisition in Somerset / Bridgewater, let's walk through the actual current inventory.
Call (201) 484-7005
Direct line to Angelo. NJ Broker Associate #0894102 · Coldwell Banker Commercial.