As you’ll read in this month’s cover story, New Brunswick is marking its latest and perhaps most monumental investment in health care with the opening of the 12-story, 520,000-square-foot Jack & Sheryl Morris Cancer Center. Executives with RWJBarnabas Health, the Rutgers Cancer Institute and other key stakeholders unveiled the facility in mid-May, hailing the arrival of New Jersey’s first freestanding cancer hospital and one of only 13 in the country, part of a $1 billion project that has brought top-tier patient care and cutting-edge research labs under one roof.
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.
Owners Council Q&A: Jeff Milanaik
Our industry, like all others, has seen an ebb and flow since 2020. While we received the benefit of thriving business immediately following the pandemic, the last few years have brought us stabilization. As seasoned professionals in the industry, Bridge Industrial recognized that the level of activity we had during COVID could not be sustained for an extended time. In fact, as early as 2022, in my role as NAIOP Corporate Chair, the signs of a shift began to appear, and activity began to shrink. However, as we are heading into the end of 2024, we are beginning to see signs of increased activity and customer demand.