Commercial real estate investors are increasingly focused on environmental, social and governance initiatives, or ESG, as they look to the future of their portfolios, partnerships and daily business operations.
The look, feel and function of the post-pandemic workplace is still uncertain, but a technology firm’s recent expansion in Jersey City is a reminder of why companies will still need office space going forward.
NAIOP New Jersey recently honored Alex Klatskin, general partner with Forsgate Industrial Partners, with the newly renamed Charles Klatskin Lifetime Achievement Award.
Employers are hoping to find a middle ground as they determine how best to bring workers back to the office. While that strategy is still taking shape, occupiers have already begun to weigh their post-pandemic options in places such as Jersey City, driving an uptick in building tours and the prospect of new leasing activity.
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.