Last month I alluded to how quickly things can change during a situation such as a pandemic, especially one that has so dramatically impacted our economy. That is certainly still the case in New Jersey, but the good news is that (as of now), things may be changing for the better.
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.
Re-entry to the new workplace in a post COVID-19 reality
With eyes on recovery, Gov. Phil Murphy has formed a “cabinet-level” advisory commission to focus on the macro issues, including resilience, infrastructure and messaging, and a Restart and Recovery Advisory Council with subcommittees to work out the details of how and when various sectors of the workforce will resume operations. Landlords and tenants will confront myriad issues as the stay-at-home restrictions are lifted and businesses reopen under a new set of protocols.
Landlords brace for fallout, search for solutions with retailers battered by COVID-19 shutdown
New Jersey shopping centers that once buzzed with a steady hum of activity have been quiet since late March, with most retail businesses shut down to contain the spread of COVID-19. Retail landlords are now scrambling to figure out how to deal with tenants who say they can’t pay rent because their revenue streams have stopped cold — even though property owners still have their own financial obligations.
Leasing teams turn to virtual tours, platforms to lure renters during stay-at-home order
In-person tours have been curtailed and lease numbers are down, but virtual tours are helping luxury apartment buildings bring in renters in this time of social distancing. The virtual elements are so useful, in fact, that building representatives said they’ll keep using them after the coronavirus crisis is over.
