The reputation of business and financial advisors of all sorts has been taking quite a hit lately and the financial services industry in particular is feeling the heat. When the Dow Jones Industrial Average is at its all time high and investors are seeing the markets whipsawing up and down daily, they start to question the whole system. At times like these folks start to believe that the financial services industry is working for itself first and the interests of its customers are following. Returns are being ravaged by service and trading fees. The volatility shows us that the experts don’t have a clue where the economy is going.

In real estate, we find that the majority of the country is feeling optimistic, however, here in New Jersey we live in a mature market, and game is almost exclusively about the re-let business as new construction is spotty at best. We are seeing some new projects here and there, but the impact of these will be almost negligible.

The tale of two cities goes on, as the Hudson Waterfront Gold Coast, Bergen County and Metro Park remain hot, and areas of Central New Jersey in Somerset and Morris Counties are fighting to recover from the damage left by the departure of big Pharma.

At the same time we find that the landscape of businesses in New Jersey is changing rapidly. Many traditional New Jersey businesses like mortgage companies are gone forever only to be replaced by new industries like solar, data, tech, health and pharmaceutical consulting. Many of these new businesses were started in record time and were quite happy to grab whatever office space was sitting vacant where they could shove their people in an existing office or left behind cubicle. Landlords were thrilled to provide them with a little free rent and front loaded incentives.

These new companies have now started to have issues after a few years, when they may be starting to outgrow their initial space only to find that they are locked in to a long term lease where they are overpaying rent and have no expansion rights. Those same Landlords that were so helpful a few years back are now deaf to their pleas. These new business owners are finding that they too have trust issues with the Landlords and their Agents who they now find are not representing “their” interests.

We at Dickstein Real Estate Services have a different approach. We only represent Tenants and Buyers of corporate facilities —- we NEVER represent Landlords! We have proven successful strategies to deal with your real estate needs today and into the future. We invite your inquiry, so that you can see for yourself why, “Our Difference Is Your Advantage®”.

Regards,
Lawrence Dickstein