Regions Northeast | New Jersey
March 21, 2008
Source: NJ.com
Is the future cautiously bright or suspiciously dark for Newark's commercial real estate industry? That depends on who you ask. Tentative optimism mixed with sobering numbers at a recent commercial real estate panel convened to discuss the New Jersey city's commercial future.
Some said a feisty run is expected for Newark, according to NJ.com, while others predicted a tough few years ahead in office, retail, lodging, and leasing activity. NJ.com quoted Federal Reserve Bank of New York senior economist and assistant vice president Rae Rosen as saying that New Jersey will also feel a pinch when Manhattan's commercial industry begins to cool off.
Read full story here.
Source: NJ.com
Is the future cautiously bright or suspiciously dark for Newark's commercial real estate industry? That depends on who you ask. Tentative optimism mixed with sobering numbers at a recent commercial real estate panel convened to discuss the New Jersey city's commercial future.
Some said a feisty run is expected for Newark, according to NJ.com, while others predicted a tough few years ahead in office, retail, lodging, and leasing activity. NJ.com quoted Federal Reserve Bank of New York senior economist and assistant vice president Rae Rosen as saying that New Jersey will also feel a pinch when Manhattan's commercial industry begins to cool off.
Read full story here.
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