Blog

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

WHAT ARE THE LEADING GROWTH INDUSTRIES IN NEW JERSEY?

Here in New Jersey we see some industries that are booming. The Health Services and Pharmaceutical sectors are our number one and two industries, still barely outpacing the rest of the country. From a regional viewpoint, we in New Jersey have always taken many of our underlying attributes, like strong universities, great transportation infrastructure including our ports and airports, for… Read More

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