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.

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Real Estate NJ’s 2025 Market Forecast

Commercial real estate leaders have entered 2025 with varying levels of optimism. That’s evident from this year’s Real Estate NJ Market Forecast, where you’ll find everything from caution to confidence about how the sector will perform as it balances strong fundamentals in several key asset classes with new regulatory headwinds, nagging inflation and what seems to be a lingering lack of clarity over when lower interest rates will truly impact the industry.

You can read all about it in our 2025 Market Forecast, which features predictions and insights from some of the state’s leading voices in commercial real estate.

Residential & Mixed Use
Hudson Atlantic touts expansion, sales growth as Zweibel assumes full ownership

Brokerage firm Hudson Atlantic is starting a new chapter after a recent consolidation of ownership, eyeing continued growth in what will be its fourth full year in business.

Professional Services
Cold storage expert Aschenbrand joins Newmark as executive managing director

Newmark has added Dave Aschenbrand as an executive managing director with its New Jersey team, in a move aimed at expanding its position in the growing cold storage segment.

Retail
Ace Pickleball Club coming to North Brunswick after 27,000 sq. ft. deal, LMC says

An indoor pickleball franchise has taken 27,000 square feet at Brunswick Shopping Center off Route 1 in North Brunswick, according to a team with Levin Management Corp.

Retail
Vantage Commercial: Goodwill of South Jersey, Philly takes 20,000 sq. ft. in Toms River

Goodwill Industries of Southern New Jersey and Philadelphia has leased nearly 20,000 square feet for a new store in Toms River, in a deal arranged by Vantage Commercial.

Finance & Capital Markets
Kennedy Funding closes $1.9 million land loan for Ontario resort property

The owner of a resort under construction in Ontario, Canada, is set to acquire another 125 acres for the project, having secured a nearly $1.9 million loan from Kennedy Funding.

Retail
Grocery-anchored center in Park Ridge sells for $17 million, Marcus says

A private investor has acquired a nearly 72,000-square-foot, grocery-anchored retail property in Park Ridge for $17 million, according to a brokerage team with Marcus & Millichap.

Education
Kislak: Site of 8,000 sq. ft. ex- Goddard School building in Jackson trades for $2.8 million

The former site of a preschool and daycare center in Jackson Township has changed hands for $2.8 million, in a newly announced deal by The Kislak Co. Inc.

Office
WCRE: Berlin office building sold in deal between BFP Properties, Badmacs Holdings

BFP Properties LLC has sold a 4,100-square-foot office building in the Camden County borough of Berlin, in a deal arranged by Wolf Commercial Real Estate.

Professional Services
NAI Hanson acquires The Garibaldi Group, NAI Summit to combine storied brokerage firms

NAI James E. Hanson has acquired The Garibaldi Group, bringing together two of New Jersey’s oldest and most recognizable brokerage and real estate services firms.