Blog

THE CHALLENGE OF 2019

The modern phrase the more things change the more they stay the same was coined by French writer Jean-Baptiste Alphonse Karr, “plus ça change, plus c'est la même chose”. The real estate world is a like a time machine, and things in that world have essentially not changed for the last century. Our modern office leasing practices were created by… Read More

THE NEW OFFICE: I LOVE/HATE IT!

Have you seen the new office? Perimeter private offices and cubicles are gone in favor of open landscape benching and group collaborative seating. Carpeting is being replaced by polished concrete floors. Ceiling tiles are gone too to expose HVAC ducts and ceiling trusses right up to the slab. The traditional kitchen is now more like a luxury café emulating the… Read More

COMPETING FORCES

New Jersey business owners are fighting to keep up with the intense level of regulations and changes coming from Trenton. New requirements for employee sick leave are causing companies to stop everything to enforce the new record keeping rule changes. Add to that the rise in the minimum wage and things look downright scary for 2019. The question my customers… Read More

ESCALATION 2019- ARE YOU READY?

That's right, its back!  The New Year is here and if you are an office tenant your escalation invoice will soon be on its way. Office tenants with gross leases are responsible to pay their proportionate share of INCREASES in Real Estate Taxes and Operating Expenses over the Base Year (usually the first calendar year of the lease term) amount. When the escalation invoice arrives, it… Read More

THE FUTURE OF NEW JERSEY OFFICE SPACE

  HOW WE GOT HERE  To predict the future, amateur historians like myself think that we should first try to understand the past. The New Jersey office market was created in the 1970’s and 1980’s during the “no money down” building boom. The trick at that time for developers was to option a property at a highway interchange and through… Read More