The Blau & Berg Company has served the New Jersey market area for more than 85 years as a full-service boutique firm that specializes in industrial brokerage. Recent successes have grown their market share to include the tri-state area and increased revenue over 600 percent in just a few years.

There have been endless articles written on how millennials are changing the demand for housing, but not enough articles have been written on why. Millennials showing a preference for apartments and urban areas has dramatically increased the demand for multi-family units, and developers are racing to meet the demand.

Opportunity Zones

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A newly created tax incentive program established by the Trump administration in Fall 2017 called The Tax Cuts and Jobs Act of 2017 (TCJA) offers substantial tax breaks to business and real estate investors who are willing to make long-term investments in low-income disadvantaged communities across the country referred to as Qualified Opportunity Zones (QOZ).

One of the most thriving trades in the New Jersey-New York Metropolitan area is the food industry. The area is home to over 20.3 million people, nearly 7 million more than the second place Los Angeles metropolitan area in the United States. It has a GDP of over $1.735 trillion, $73,133 GDP per capita and an area of over 13,318 square miles. That is a lot of mouths to feed each day. Due to such density, there is an incredible demand for space to store the food.

The Rise of Online Grocery Shopping

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The power of consumers is directly driving the food industry to move away from highly processed foods with a longer shelf life, to temperature-sensitive perishable food products. This requires an adjustment in the food supply chain. In addition, when it comes to supermarket shopping, the rise of the millennial generation and their focus on online shopping means that the days of multiple driving trips to the supermarket per week may be a thing of the past.

Where Do We Go From Here?

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The NJ industrial real estate market has now been in a bull market since 2013. Prices have seen levels that were thought to be untouchable, as short as five years ago. Inventories are still relatively low and the question on everyone’s mind is, “Where do we go from here?”

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5 Tips for Coping with PTSD

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June is national PTSD (post-traumatic stress disorder) Awareness month and June 27th is National PTSD Awareness Day. While PTSD does not in any way effect only veterans, it does affect …

Adult shopping online

Not Everything is Perfect with Ecommerce

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Although the ecommerce boom might seem like the savior of not only the real estate business, but also the many ancillary businesses that support it, the high demand for more …

How to Find the Best Office Space for Rent in NJ

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  The internet makes finding available office space listings easy, however, when it comes to finding the right property, things can get complicated. It is not possible to list all …

An Opportunity

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By Eugene C. Boyle

In commercial real estate, we have all observed how changing demographics have forced companies to change their goals and aspirations.