Business groups have lined up against Gov. Phil Murphy’s proposal to charge a fee on warehouses for each truck they receive, but a top state official said the levy is needed to address a chronic lack of traffic planning around new industrial developments.
Events
Hear what thought leaders, presenters and experts have to say at one of the industry’s many conferences, panel discussions and awards ceremonies.
Show time: Atlantic Builders Convention set to begin with new venue, new energy as housing industry eyes tailwinds in 2024
The Atlantic Builders Convention will kick off this week at a new venue for the first time in five years, bringing a crowd of thousands to the Hard Rock Hotel & Casino Atlantic City. That comes with new excitement, but organizers say the buzz is about more than just a change of scenery. They also point to growing membership, growing engagement and a more diverse slate of exhibitors, along with signs of progress on key public policy initiatives to streamline new construction and improve housing affordability in New Jersey.
An uneven recovery? NAIOP panelists see different paths for different asset types in 2024
The state’s industrial and office sectors both faced headwinds in 2023, but the year ahead for each asset class may be decidedly different. That was a key takeaway last week from panelists at NAIOP New Jersey’s Annual Meeting and Commercial Real Estate Outlook, who noted that demand for warehouse and logistics space has normalized after a record-breaking run during the pandemic. Office landlords, meantime, are still grappling with shrinking corporate footprints and remote work policies, further straining submarkets that are both aging and oversupplied.
