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 …

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.

Investing in Land for the Long Run

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By Christian M. Benedetto, Jr.

The good earth has always been associated with wealth, and tales are legion of ancestral land left behind for generations. Of all assets humankind has known, land has proven the most enduring in value. Wars have been waged over land and its resources from time immemorial.

Industrial Real Estate: A Hot Commodity

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By Michael F. Schipper

The trajectory of the industrial real estate market in New Jersey and in most port centric markets throughout the country, has continued to push to elevated heights. The path of least resistance is “up” both in terms of price and demand.

Summer Pick Up vs. The Summer Slump

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By Alessandro (Alex) Conte, CCIM, SIOR

Historically speaking the summer months tend to slow down in the commercial real estate world as schools are closed, children are home and vacations become the priority.