The economic rebound is fueling job growth in office-using sectors, which comes as the state lifts requirements that employers accommodate telework arrangements. Now that the future has arrived, I am sure that all employers would agree that employees are the most critical resource for success. Striking the right balance for the new workplace will likely be case-sensitive, and will no doubt take some time and a great deal of patience.
Policy Page
Our updates and analysis will keep you informed of every piece of legislation and public policy issue that affects commercial real estate in New Jersey, from a zoning dispute or a proposed change to the tax code.
Geopolitics and demographics impact commercial real estate in our region
Our state is making headlines these days in a number of good ways. One contributing factor is certainly geopolitics, the study of how place matters. While this term is more often used to describe countries and explain the origin and source of their wealth, culture and military strategy, we can also see how this applies at the state level.
Regional mindset, new recipe needed to keep our talent and project pipeline flowing
It’s high time that New Jersey’s local officials start doing things differently and placing a higher priority on talent attraction, collaborative regional (not parochial) planning and being on the same page. Economic development experts from outside the state seemed to concur at NAIOP New Jersey’s recent Annual Meeting and Commercial Real Estate Outlook.
Survival skills honed in 2020 lead to a better-prepared 2021
As Charlie Chaplin said in the last century, “Nothing is forever in this world, not even our problems.” That is, unless you don’t learn from your mistakes and continue to do things the same way. The days are numbered for any business, organization or government agency (without a rainy day fund) that doesn’t adjust, right-size their operation and get prepared for the next disruption that’s just around the corner.
Taking the temperature of New Jersey’s economy and commercial real estate sector
We are now more than six months into the pandemic that shut down much of New Jersey’s economy in early March. I thought it would be a good time to pause to look at where we are in terms of recovering from the staggering unemployment and economic losses caused by the health crisis. There is some surprisingly good news, but it must be taken with a strong dose of caution.
Workforce wellness, resiliency and ironclad industrial sector: Keys to recovery
Despite the ongoing adverse impacts from the COVID-19 pandemic, some experts report that the macroeconomic trends are looking favorable nationally, and especially for New Jersey, but it’s going to be pretty slow going. Marked differences exist among the various sectors, not all of which have bottomed out yet.
