Agree. I work in the area. Beyond universities, the amount of talent that goes through Newark, from NJ suburbs into NYC, every day is incredible. I would think many of those people would love to shave 20-40 minutes off their commute and stop paying city taxes.
ah but then the commute is dramatically worse for people living in LI or CT, cutting you off from that labor pool.
Not to mention Princeton is less than an hour away too.