There’s a group of towns in New Jersey that have the ultimate name recognition for those who live nearby or even those outside the state. As many of our readers can attest, Montclair is clearly one of those communities, with the vast selection of shops, restaurants and cultural spots that line its downtown and residents who are as engaged as any in the state. As you’ll read in this month’s cover story, Montclair is also increasingly popular with office tenants, but with a lack of Class A space, those requirements are largely going unmet. BDP Holdings aims to change that with a newly unveiled project known as The Iris, a proposed ground-up development that would include 124,000 square feet of office space, street-level retail and structured parking — all of it in the heart of the central business district.
Real Estate NJ’s 2022 Market Forecast
Every year has its ups and downs. Every market has highs and lows. Both were true when it came to New Jersey’s commercial real estate sector in 2021, a year that marked ongoing dominance for some asset classes, as COVID-19 continued to loom over others. Whether those trends endure in 2022 remains to be seen, but we’ve recruited some of the industry’s most prominent developers, service providers and insiders to help set the stage. You can find their predictions, insights and more in our special 2022 Market Forecast.
