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.
Events
Hear what thought leaders, presenters and experts have to say at one of the industry’s many conferences, panel discussions and awards ceremonies.
Giving Tuesday generosity inspires Profeta’s fresh produce donation to NJIT Food Pantry
The NJIT community showed its heart on Giving Tuesday late last month, raising a record-breaking $24,000 for the university’s food pantry. The outpouring of support will directly impact hundreds of students facing food insecurity, providing them with not only pantry staples but also fresh produce, professional clothing and hygiene items.



