Current Issue
Workforce wellness, resiliency and ironclad industrial sector: Keys to recovery
Despite the ongoing adverse impacts from the COVID-19 pandemic, some experts report that the macroeconomic trends are looking favorable nationally, and especially for New Jersey, but it’s going to be pretty slow going. Marked differences exist among the various sectors, not all of which have bottomed out yet.
Jersey City forges ahead with high-profile development pipeline, despite pandemic
While local officials across New Jersey have hit the brakes on large-scale projects, Jersey City has made a deliberate effort to keep its pipeline flowing since the start of the health and economic crisis, as many developers remain bullish on its booming residential market.
In spite of it all
It was a busy spring, surprisingly so, and I know many of you would agree. I’ve seen it firsthand in the lease and sale announcements that have continued to hit my inbox these last three months, with many of them offering praise to the parties involved for getting the deal done in the midst of “challenging economic times” or “uncertain market conditions.” I know full well that much of the industry is still hurting. We won’t lose sight of that. But we will take the opportunity to highlight some of the positive things that are happening in spite of the pandemic.
Developers weigh new lab, research projects as New Jersey market continues to tighten
After decades of consolidation by Big Pharma, demand for modern lab and diagnostic space in New Jersey is on the rise, fueling rent growth and pushing some developers to consider new laboratory projects.
Workplace absence leads to decline in office demand
Much of the workforce has been absent from offices/workplaces and transportation systems since mid-March. Has this absence “made hearts grow fonder” to return? Not entirely, according to some experts.
