Blog

MAKING PLANS IN UNCERTAIN TIMES

The enemy of long-term planning for businesses is uncertainty. Election years are always a challenge, but the year 2020 seems to be fraught with great peril for businesses both small and large alike. The pace of new regulations coming out of Trenton is truly remarkable, and the impacts are having a real effect on companies as they scramble to adjust.… Read More

WILL THE LAST ONE LEAVING NEW JERSEY PLEASE TURN OFF THE LIGHTS!

Almost half (44%) of all New Jersey citizens are planning on leaving the Garden State in the not so distant future, according to a study conducted by the Garden State Initiative and the Fairleigh Dickinson University School of Public & Global Affairs. As many as 28% are planning on departing within the next five years. The reasons cited in the… Read More

NEW JERSEY IS 50th AGAIN!

Welcome to the New Year, New Jersey! Are you finding it hard to be optimistic about the future of New Jersey? According to the Tax Foundation, New Jersey is ranked once again as 50th. We are the State with the worst business climate in the entire country. We also have the distinction of having the largest debt per taxpayer in… Read More

NO VACANCY

Last week I was invited to an Open House, an event where brokers are invited to preview a new space coming on the market. The occasion was to announce a “new to market” warehouse sublease of 50,000 square feet in Bergen County. The agents for the tenant were pleased that over 30 brokers came to see the space that morning… Read More

CAN YOU HAVE YOUR CAKE AND EAT IT TOO?

Investment in the Garden State has shown an unexpected strength over the last few years, reviving a healthy climate for both office and industrial leasing and acquisitions. We started off the year 2019 with an impressive upward trajectory as new investment and leasing activity was strong. Space was being absorbed at a near record pace and the sky, it seemed,… Read More