The Amazon story is now more than four years old in New Jersey, at least when it comes to our industrial market, yet we can’t seem to stop talking about it. It only makes sense. The tech giant has added…
Editor’s Note
Hear directly from Editor Joshua Burd as he brings you the highlights of this month’s issue of Real Estate NJ and his observations from recent interviews.
A new frontier in commercial real estate
For our latest cover story, we spoke to executives behind what are perhaps the two biggest examples New Jersey developers seeking to tap into the sharing economy. In Jersey City, the joint venture behind a new 69-story apartment tower has partnered with Airbnb via the home-sharing giant’s new Friendly Buildings Program. The other developer, Capodagli Property Co., is nearly a year into a partnership with Uber, in which it provides new lease signers with credit to put toward trips through the ride-hailing app.
A growth area in the making?
We set out this month to look at the role of technology companies in New Jersey’s office market. The tech sector certainly isn’t the dominant industry in the state’s economy, but it has provided a rare source of job growth in the last few years that has resulted in new office requirements. We’ve seen companies such as Audible, iCIMS and Jet.com lease space in New Jersey thanks to both state incentives and the type of organic growth that landlords would love to see continue.
Taking the long view
Most regular readers of this publication can tell that, when it comes to new construction, mixed-use and multifamily projects are the ones making most of the headlines. In fact, there are so many projects in New Jersey these days that we don’t often get to spend much time covering them in depth before we have to move on to the next groundbreaking or ribbon-cutting.
