The glory days of near-zero vacancy and hard-to-fathom rent growth in the industrial market always came with the slightest bit of tension, especially among veteran landlords who know full well that nothing lasts forever. And with good reason, as we now know, as the asset class grapples with new headwinds that may not have seemed likely only two years ago.
Current Issue
Go inside the latest monthly issue of Real Estate NJ, the only New Jersey-based magazine dedicated to commercial real estate in the Garden State.
Industrial owners pivot to new (and old) strategies amid challenges to development, capital stack
Industrial owners in New Jersey are adapting to a climate of caution in the capital markets, cooling demand from tenants and growing local resistance to large warehouse projects. Some see it as a chance to double down in a market that they feel is still fundamentally sound, despite a slowdown in big-box leasing, as others pivot to different, more conservative approaches.
Hospitality: A real game changer — it all comes down to people
In prepping for this piece, I reviewed the 72 articles I wrote since 2017 to identify common themes. Unsurprisingly, the common denominator was the crucial need to change how we do business with the end goal of improving people’s lives for a simpler and better quality of life — one that is less taxing and costly and more efficient and effective.
From the publisher: Homework for you to do on our economy
Below is a link to an article by David Berson, Ph.D., of Cumberland Advisors regarding the country’s current economic status and an analysis of whether we will fall into a recession. In my opinion, it is exceptionally well written and accurate. More importantly, Berson does not fall into the usual trap that most commentators are susceptible to of only presenting data that substantiates their position. He covers the field and presents both sides of the argument without really sticking his flag in either mound.
Plans to revamp mall parcels with new apartments, public space taking shape across New Jersey
Redevelopment is coming to some of New Jersey’s largest malls, as owners and local officials weigh plans to add apartments, health care facilities and vibrant public spaces meant to infuse them with new foot traffic. Proponents say the projects are essential to the long-term health of even the most successful assets. In other cases, they’re a potential lifeline to once-dominant shopping hubs that have become obsolete and seen their values plummet in recent years.
Changing times
As you’ll read in this month’s cover story, redevelopment is coming to some of New Jersey’s largest malls — from the mecca of Paramus to Burlington County — as owners and local officials mull the future of their cherished shopping centers. Increasingly, those plans call for bringing new apartments, health care facilities and vibrant public spaces meant to create new foot traffic. Many of these projects are now moving forward in the Garden State, with more to follow, despite pockets of opposition and the challenge of repurposing a sprawling property with longstanding anchor tenants.
