With the incredible growth of this sector in recent years, could logistics help make New Jersey cliff-proof? I think so, but only if we take steps to address serious workforce challenges, especially those related to affordability and accessible transportation. With the increasing likelihood of a recession in 2020, we need to act now. The importance of the port region to New Jersey’s economy cannot be overstated, and continued investment is critical. We also need to solve the “last mile” conundrum that presents transportation and lifestyle challenges.
NAIOP New Jersey has hired a new director of membership and special events.
Retailers and other industrial tenants have long counted on northern New Jersey as a hub for distribution into New York City, but the need for same-day and even two-hour delivery has pushed developers to make big bets in the outer boroughs.
As New Jersey has shown, the industrial sector has become the new darling of commercial real estate in recent years. That was all too clear from the sold-out crowd of more than 850 development executives and other key players who descended on this year’s I.CON event in Jersey City.
Gretchen Wilcox, CEO, president and founder of G.S. Wilcox & Co., has been appointed to the national board of a commercial real estate development association and to the executive board of the New Jersey State Chamber of Commerce, the firm announced