A mixed-use residential and retail building in Nutley has changed hands among private investors, in a nearly $2 million sale arranged by The Kislak Co. Inc.
Capital, rising rents and motivated investors lead to favorable CRE outlook
Recent surveys show support for the notion that the fundamentals underpinning commercial real estate will be stronger in 12 months than they are today. This is thanks in part to the belief that rents will rise and the idea that the benefits of the new federal tax law, including the Opportunity Zone program, will bring capital off of the sidelines.