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HEATH ABRAMSOHN
HEAD OF ACQUISITIONS,
NORTH CENTRAL DEVELOPMENT
2025 started off slowly but proved to be more transactional as the year
progressed. We anticipate this increased activity to continue, especially
given the impact of lower interest rates and more stability around tariffs,
which will ultimately lead to greater transaction volume in 2026. With
this renewed stability in the market along with less new construction
availability, product that has been vacant will receive additional activity,
ultimately leading toward tenancy. In addition, the increased stability will
provide more certainty to investors, allowing for greater transactional
volume. With the focus on occupancy, rents in 2026 will remain fl at
and there will still be concessions within the market, especially in
the beginning of the year. Vacancy rates should decrease across New
Jersey to the extent where you could see additional construction
starts preparing for 2027 and 2028 deliveries. The strong real estate
fundamentals Rockefeller Group has built its industrial portfolio on
continue to be a priority for occupiers and institutional investors:
functionality, design, location and a fl ight to quality.
(973) 448-3596
habramsohn@rockefellergroup.com
www.rockefellergroup.com
92 Headquarters Plaza,
9th Floor
Morristown, NJ 07960
LANCE
BERGSTEIN
CEO
2025 was a year of false starts — there were sporadic moments of
forward momentum followed by immediate corrections. Recent rate
cuts have not impacted the market the way they have historically
because of the lack of underlying fundamentals supporting them
and the uncertainty of future cuts. I think 2026 will be a very active
year both on the new development and leasing side. There is a
clearer pathway ahead of us than there has been for the last few
years. Spaces continue to absorb here in the Northeast, and you
cannot make more land, unfortunately. Whether the market will
shift to a more landlord-favorable market or not is hard to say, but I
think absorption at current rates will be really strong. Stability and
predictability in leasing will directly translate to stronger and more
liquid capital markets.
O: (201) 728-9595
C: (917) 439-1036
lbergstein@lincolnequities.com
www.lincolnequities.com
One Meadowlands Plaza, Suite 803
East Rutherford, NJ 07073
™ MARKET FORECAST
BOB BENI
SENIOR VICE PRESIDENT AND
SENIOR COMMERCIAL REAL
ESTATE OFFICER
Amboy Bank is the most established, continually operating, full-
service commercial bank in New Jersey. Amboy always looks at
the unique circumstances of each borrower’s position and goals
before recommending the best possible options and solutions.
Every individual situation deserves a thorough understanding of
their particular objectives and Amboy has been so successful, in
part, because of their expertise in offering creative options to even
the most challenging circumstances. Being able to match the right
loan with the right borrower, along with ongoing support and timely
responsiveness, are a few of the reasons Amboy has continued to
be voted ‘Best Bank in Central New Jersey’ for the past 28 years in
a row. Amboy has proudly fi nanced some of the most extensive and
impactful building and housing projects in New Jersey, becoming
one of the largest construction lenders in the state, a distinction that
has earned it the title of “The Builder’s Bank.”
(732) 591-8700 x5732
rbeni@amboybank.com
www.amboybank.com
3590 U.S. Highway 9 South
Old Bridge, NJ 08857
MITCHELL S. BERKEY
CHAIR, REAL ESTATE GROUP
2025 saw twists, turns and some big thrills in the New Jersey real estate
market. A new administration in Washington, D.C., our gubernatorial
contest and the Jersey City and New York City mayoral races all
demanded our attention. Interest rates, tariffs and affordable housing
were factors challenging many proformas. Still, the resilience of the
Garden State has never been more evident. Gold Coast residential
lease velocity and rates are impressive. “Hollywood East” keeps
expanding with Netfl ix Studios in Fort Monmouth, Lionsgate in Newark
and 1888 Studios in Bayonne. Maher Terminals and Maersk affi liate,
APM Terminals, each inked landmark 30+ year lease extensions in
Elizabeth. Retail leasing is on the upswing. On the fl ip side, owners with
maturing sub 4 percent loans are in an improving but still uneasy rate
environment. Some offi ce owners are looking to residential conversion
as a lifeline. Back to good news, conventional lenders are back in the
market and equity investors stand ready for the right project. The glass
is more than half full. In 2026, CSG Law’s market-leading Real Estate
Group will continue to adapt, grow and work tirelessly to meet our
clients’ ever-changing real estate needs.
(973) 530-2085
mberkey@csglaw.com
www.csglaw.com
105 Eisenhower Parkway
Roseland, NJ 07068

