In many property types, the market remains at somewhat of a standstill, with the high cost of capital making desired return metrics hard to hit. However, the strength of the multifamily and industrial sectors allows smart investors to transact. The promise of further rate cuts does bring reasons for optimism. Predicting the exact industry response is challenging though, as it will take time for the market to adjust to the new rates and benchmarks before transaction volume picks up.
Market Sectors
New Jersey has an unmatched location and a population that developers dream about. It’s no wonder the commercial real estate industry is flourishing and evolving across all segments of the market.