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Wiss: Tax reform manifesto for the real estate industry

Tax reform has been a hot topic, especially in the real estate industry. After all, real estate and construction industries have a significant impact on the U.S. economy. Wiss is proud to advise the industry on all the new changes. In our Tax Reform Manifesto for the Real Estate Industry, we explore the recent tax reform and how you or your business could be affected. 

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New Jersey’s economy set to accelerate

With the U.S. economy poised to accelerate in 2018, many expect that New Jersey will once again be left out of the party. Yet New Jersey’s economy should surprise many this year and generate its strongest growth rate since 2000.

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Kipcon seminars offer critical training, education for CRE industry

By Kipcon Engineering As continuing education has grown increasingly important, Kipcon Engineering has been filling that need for its commercial real estate clients for more than five years. Based in North Brunswick, the full-service engineering firm offers seminars and webinars…

Trend Watch
Class A subleases poised to fulfill demand

A steady supply of office sublease space entered the market as a result of consolidations and relocations during the past year. By year-end 2017, more than 5 million square feet was marketed for sublease compared to 4 million square feet at year-end 2016.

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Demand for large blocks of space accelerates

At the close of 2017, 12 separate 750,000-square-foot tenant requirements were active in New Jersey. Over the past two years, 21 leases in excess of 500,000 square feet closed, with traditional and e-commerce retailers remaining the biggest contributors to big-box leasing activity.

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Trend Watch Jan. 24: IT sector fuels office demand

The IT sector surpassed the financial services and pharmaceutical/life sciences segments as a driver of growth for the New Jersey economy and the commercial real estate market.

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2018 REAL ESTATE MARKET FORECAST

With the state’s unemployment rate below 5.0 percent, employee recruitment and retention will remain top priorities for office occupiers in the coming year. Rather than remaining in outdated, inefficient workspaces, a growing chorus of companies will pursue relocations to upgraded, amenity-filled office buildings to aid in these efforts.

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Real Estate NJ’s 2018 Market Forecast

What does the year 2018 have in store for New Jersey’s commercial real estate market? We put out a call to the industry and were fortunate to recruit some of the state’s most influential developers, professionals and thought leaders to give us their predictions for the year ahead.

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Trend Watch Dec. 11: Strong pre-leasing drives construction across the industrial sector

Pre-leasing rates of 89.3 percent on 2017 deliveries prompt developers to put shovels in the ground at record levels. 2 million square feet forecast for delivery in 2018 surpasses anything seen this cycle.

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Trend Watch Dec. 4: New office buildings boast 12% vacancy rate

The year of construction for buildings has significant impact on reported vacancy rate. Buildings completed since 2010 maintained the lowest vacancy rates, as office occupiers prefer new product. Demand for new construction will drive the demolition/rehabilitation of older, vacant office buildings, especially in strategically located markets lacking sites for new construction.