Blog

THE SECRET OF THE LONG-TERM LEASE

From the vantage point of ten months into the Sequester, when we look at New Jersey office properties we continue to see a remarkably consistent trend. Almost ninety percent of large office tenants have been paying their rent on time, each and every month, for the entire Sequester. Why is this so remarkable? Well, as we  also pointed out in… Read More

HAS THE NATURE OF OFFICE SPACE CHANGED FOREVER- PART II

At the beginning of the Pandemic we wrote an article titled, “Has the Nature of Office Space Changed Forever?” In the article we questioned whether work from home is here to stay and whether some companies will choose to remain virtual. Well, here we are almost a year later, and most large companies have still not come back to the… Read More

THE RETURN OF THE TENANT MARKET

I used to joke that wherever the market for office space was going, New Jersey was going to get there first. That is clearly no longer true. In fact, we are probably now one of the last States to follow in the patterns of office trends initiated across the country. What has changed is that New Jersey is no longer… Read More

GAME CHANGER

The announcement by Pfizer this week that a vaccine has been developed that is 90 percent effective may turn out to be a real game changer. For perspective, the Flu vaccine which we take each year is only 40 to 60 percent effective on average depending on how well the vaccine developers were able guess which strain will be predominant… Read More

THE RETURN TO THE OFFICE, Part II

Last month’s newsletter was a continuation in our series about “Has the Nature of Office Space Changed Forever?” In our last issue, we described how many small companies have already returned to their space while large companies are still mostly working from home. What are the implications of this? What has been a complete surprise to me is how busy… Read More