A growing number of New York City-based firms have considered short-term office space in the suburbs, in an effort to reduce density, keep employees closer to home and reduce their reliance on mass transit. The movement has provided landlords and brokers with a chance to showcase New Jersey’s growing stock of revamped and rejuvenated office buildings.
Some of the state’s newest residential communities shared the spotlight last week, headlining dozens of honorees at an annual banquet hosted by the New Jersey Builders Association.
The March of Dimes has honored one of New Jersey’s top industrial developers as part of a popular commercial real estate industry fundraiser that was held virtually this year.
The race to attract quality labor has led industrial developers and users to focus increasingly on wellness-oriented design and features, but that shift has become all the more important in recent months as occupiers look to keep employees safe from COVID-19.
The state’s commercial real estate community gathered virtually on Wednesday as NAIOP New Jersey honored a group of transformative projects and industry leaders, including the family of a developer who helped found the chapter a half-century ago.
The United Way of Northern New Jersey hosted its annual fundraiser with the commercial real estate industry, which featured an interview with media icon Steve Forbes and the presentation of its Impact Award to one of the state’s most high-profile office deals of 2019.
Industrial space remains a coveted asset class for investors, despite questions about short-term rent growth and other uncertainties in the wake of the coronavirus crisis.
More than 1,000 industry professionals have registered for this week’s I.CON event, NAIOP’s flagship conference for the industrial sector, despite its move this year to a virtual format. And with an industry that appears to be as bullish as ever, organizers believe they can still deliver the kind of experience and value that attendees have to come to expect from the annual gathering.
Commercial real estate still holds opportunities for both sellers and investors — including those in New Jersey — provided they can navigate the challenges of the COVID-19 crisis. That was the message from experts who gathered for a virtual panel discussion on the state of capital markets in the Garden State and elsewhere.