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.
Location is aways the key – Roads, Highways & Traffic Flow – Proximity to Airport, Railway Stations, Ports and Markets – Building Availability, Rental Rates & Taxes – Workforce Skills and Availability – Parking usually equates to one parking space per 1,000 SF
With property values at all-time highs, unemployment at all-time lows and the stock market still holding strong, the question on everyone’s mind is where we go from here. Everyone has their own mindset of the current commercial real estate (CRE) market and where it is headed but nobody knows or can predict what’s next. The reason is that the world is extremely different today than it has ever been.
For the foreseeable future, it seems industrial will remain a hot market segment especially in areas that have high demand and limited land supply. As our society becomes more dependent on technology, so does the need for distribution centers and warehouses. It is important for big companies such as Amazon and Zappos, to have footprints in areas to service densely populated urban areas such as NYC.
While the marijuana laws vary state to state in the United States, there is a need for commercial real estate within the legal marijuana industry. From the need for warehousing the final products to the manufacturing of the edibles (which a growing number of users prefer).
In commercial real estate, we have all observed how changing demographics have forced companies to change their goals and aspirations.
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.
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.