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.
Senior Vice President Thomas A. Vetter, SIOR, on Industrial Demand
“I anticipate that high demand for quality industrial assets will still drive what has been a robust market well into 2018. Although much of this demand will continue to be derived from the usual suspect – e-commerce – restricted supply in the Manhattan and to a larger extent Brooklyn markets is further powering N.J.’s quarter-to-quarter industrial velocity. Coupled with this, we have seen developers looking to transform existing industrial sites into multi-family properties placing even further stress on the supply pipeline. Because of the diversity of demand types, developers with a vision and the financial capabilities to carry out industrial projects in northern N.J. can look forward to another strong year in 2018.”
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