NAIOP New Jersey has announced the addition of a public affairs and public relations veteran as its newest director of communications and policy.
As we celebrate Earth Day, it’s impressive to see how many more investment, siting, purchase and business decisions are being driven by growing public demand to reduce our carbon footprint. Government agencies, investors, consumers and businesses are quickly becoming aware of the need and benefits of embracing this paradigm shift. Owners and developers of commercial and industrial real estate property are increasingly accommodating their tenants’ demands for charging stations, solar panels and other brokered services. The popularity of electric vehicles (EV) continues to gain momentum across the globe as green investing is influencing automakers’ plans and the economics of owning an EV are becoming more favorable. Sustainability has become mainstream as society realizes its benefits, including lower costs, cleaner air, less traffic congestion, higher rate of return on investments, less dependence on foreign oil, better quality of life and less extreme weather.
With a new team of legislative leaders in place, New Jersey’s booming industrial market appears to be safe, for now, from state-imposed limits on new warehouse development.
Both employers and employees affirm that remote workers can be successful, but it’s still debatable about what the changes mean for commercial real estate, and the office sector in particular.
State officials are seeking to “provide a stronger response” to developers looking to build around NJ Transit’s rail and bus stations, hoping to jumpstart a plan to monetize the agency’s vast but underutilized real estate portfolio.
Fortunately for New Jersey, international migration of the foreign-born is countering the outflow of our domestic population. This trend, however, should not be taken for granted, as immigrants are now heading to other gateways. It is crucial for our economic competitiveness that New Jersey maintain its historic attractiveness for these international arrivals.
Commercial real estate investors are increasingly focused on environmental, social and governance initiatives, or ESG, as they look to the future of their portfolios, partnerships and daily business operations.
Industrial rents in New Jersey and other top markets are rising at unprecedented rates, leaving investors hungrier than ever for properties across the asset class.
A longtime development executive will headline the slate of honorees at this year’s NAIOP New Jersey gala, where the organization will also highlight two key service professionals and the firm behind several high-profile projects in the state.
The look, feel and function of the post-pandemic workplace is still uncertain, but a technology firm’s recent expansion in Jersey City is a reminder of why companies will still need office space going forward.