New Jersey Poised for more Growth

A little eery out there ala 2008, with industrial occupancies in the heart of the Edison, NJ market close to 98%, most folks in the business are watching closely the next few months ,if we are able to sustain the rebound and recovery from the Great Recession. Supply of properties for sale is extremely low and rents are rising in most local markets. Will interest rates remain low? Probably... The Industrial market and the ecommerce transformation of the last 5 years has put product in the warehouse and off the retail shelve. The office markets continue to hobble along with absolutely no catalyst for growth. The dawning of the tele-comute worker and mobile cloud-based sales force has allowed the major companies to downsize their real estate footprint. The trend will continue to be along the lines of less is better as it comes to office space. Companies in search of warehouse are looking 20% more of what they really need today because of the fear of not having enough space.