Welcome to the October 2022 issue of Real Estate NJ, the only New Jersey-based monthly magazine and website dedicated to commercial real estate in the Garden State.

This month, we explore how commercial real estate buyers have taken pause amid the fast-moving, super-sized interest rate hikes by the Federal Reserve, causing a notable slowdown in the investment sales market. Optimistically, experts say it’s not a permanent pivot by institutions and other capital sources, but a time to let the market reset as new pricing takes hold. Special thanks to NAIOP New Jersey, which highlighted this topic at a recent panel discussion.

Our newest issue also features a Q&A with David Brogan, executive director of the New Jersey Apartment Association, about the group’s new office in downtown Trenton and how its members are faring post-pandemic. Elsewhere, we detail plans to redevelop a long-dormant and formerly contaminated site in Sayreville, once home to gunpowder and chemical plants, in a project that will add more than a million square feet of modern industrial space to the market in Central Jersey.

Enjoy!

I can point to a stretch of two to three weeks in March 2020 when the market was eerily quiet, as we all adjusted to life at the height of a public health crisis. Otherwise, we’ve had a largely uninterrupted, decade-long run of deal activity, development updates and other happenings that have fueled the engine of New Jersey commercial real estate news.

That all figures to continue, but perhaps at a different pace as far as those deals are concerned.

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