For developers from out of state, building in New Jersey can be a challenge. Yet there are builders that make it work — generally when there’s buy-in from government officials — and New Jersey remains a draw for many of them.
Government & Public Policy
From zoning disputes to the federal tax code, public policy affects the commercial real estate sector far more than you may realize. For industry leaders, government and politics demand constant attention.
Experts say ‘stranded’ office, retail sites can thrive as new-look community hubs
Experts say the way to revive outdated, underutilized commercial properties in New Jersey is to make the sites an essential part of their communities. That can mean increasing the amount of public green space or adding mixed-use elements, among other options aimed at redeveloping so-called stranded assets.
Outside the box
By and large, it’s been a decade of good news for New Jersey industrial’s sector. I’m certainly thankful for the steady stream of updates on deals and developments up and down the state, especially in a pandemic that has threatened other asset classes. That can also present a challenge as we look to keep our content fresh, nuanced and informative in an area that has been so consistent.
