New Jersey’s fast-growing film and television industry has created a boom in studio construction and a new market for commercial spaces that can serve as set locations, as state officials take new steps to help more municipalities reap the benefits.
I.CON panel: For spec builders in top logistics markets, it pays to wait to sign a lease
In today’s booming industrial market — with rents rising by the month and supply at unprecedented lows — developers are now grappling with a seemingly unprecedented question: How soon is too soon to sign a lease at a building that’s still under construction? According to some leading owners, it pays to wait.
CRE sentiment rises, but weighed down by construction cost challenges
Improving economic conditions have led to an improvement in the NAIOP CRE Sentiment Index, indicating both overall optimism and several ongoing concerns. However, respondents are now more pessimistic about construction costs than in any prior survey, and most expect construction labor costs to increase.
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.