Online retail sales surged over 40% in 2020 fueled by the Coronavirus pandemic. With overall easing of pandemic rules and society getting back to school, work, and leisure activities we …
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Formula 1 has turned the eyes of the world onto growing American cities. With eyes comes tourism, and with tourism, comes infrastructure, jobs, and growth. F1 has smartly partnered with American cities destined for growth, and tech companies have followed suit.
The parallels between the last real estate run and this are hard to ignore; the record prices, the bidding wars, warehouses being leased before they’re built, the off-market transactions that …
The timing for this burgeoning industry is not ideal; already low vacancy rates in strategically desirable industrial areas coupled with the continued growth of e-commerce has put pressure on cannabis operators to pony up higher than market rents, driving up square footage costs seemingly by the week. The need to secure property in order to be licensed to operate has thus far not dissuaded those willing to take on substantial financial risk in order to get a piece of this multi-billion dollar (and growing) industry.
In 2019, logistics spending accelerated with an 11.4% increase parallel to the e-commerce growth within the United States. In the past decade we have seen industrial rents hit an all-time high, but the demand for more space is growing. The hiccups this nation has faced in its international supply chain logistics validate the necessity for expansion in our nation’s infrastructure.
In the world of commercial real estate, often it is difficult to get the experts to unilaterally agree on anything. In 2020, everyone has agreed we are in uncertain times …
The industrial market will remain strong, as COVID-19 has taught us that e-commerce remains vital, especially in a pandemic.
Brian DiPinto – Exit 8A –As we get further into 2020 the outlook for the New York and New Jersey industrial markets continues to look strong. In the 8A market …
Scott Savastano – Capital Markets – The global supply chain was rocked in January when China disclosed the Coronavirus Pandemic to the world. In February, we saw the first effects of …
Christian Benedetto – Office – As the 1st Quarter of 2020 ends with the Stock Markets in a tailspin, the Coronavirus threatens to further shut down the global economy. 16 Million people …
Karine Blanc – Multifamily – “With interest rates at historical lows, multifamily will continue to trade aggressively in 2020. The low cost of borrowing has allowed new investors easy entry to …
Overall, the commercial real estate market did well in 2019 and depending on what market you were in, it did very well.
To become a successful salesperson, one must also embrace change – it sounds simple, but as everyone knows, doing things the same way can be comforting, but not effective. If a salesperson wants to grow, they must embrace new challenges – whether it’s new technology, new products, new clients or new colleagues. I like to say, “be like a shark, always moving”, so the momentum you generate keeps you engaged.
Our New Jersey leading, family-owned and run, commercial real estate company for the past ten decades has believed that all you have is your time and your product knowledge. It is important to share them wisely with clients and build relationships large and small.
We have all recently heard in the media about the looming Tariff war between the US and China, and how it will cause a massive recession and ultimately lead to the downfall of America. To say that the assessment made by the media outlets is an exaggeration, would be the understatement of the century.