Brokers voice continued optimism for commercial real estate market heading into 2018
What can you expect from the CRE market in 2018? We gathered some of our leading brokers to provide insights on what the market holds for a variety of asset classes as well as key factors that impact our industry.
Sales Associate Patrick Lennon on Industrial Supply
“We have now seen sustained pressure on the existing supply of in-demand commercial real estate space throughout northern New Jersey, particularly industrial, through several quarters. Although we may see the slowing of rent growth in some of the boom markets as supply slightly catches up to demand, we don’t foresee that growth halting completely in any markets. As a result, outer growth ring markets to the south and west in the state will continue to see heightened interest from tenants as they seek to escape high rents.”
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