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NAIOP New Jersey Speakers Optimistic That CRE Business Will Remain Strong in 2018

“We are cautiously optimistic that market fundamentals will remain strong, that industrial will remain hot, at least till the end of the year,” says Michael McGuinness, CEO of the NAIOP New Jersey chapter.

NAIOP-NJ keynote speaker Spencer Levey, Americas Head of Research/Senior Economic Advisor, CBRE, left, chats with GlobeSt.com New Jersey editor Steve Lubetkin NAIOP NJ keynote speaker Spencer Levy, Americas Head of Research/Senior Economic Advisor, CBRE, left, chats with GlobeSt.com New Jersey editor Steve Lubetkin

SHORT HILLS, NJ—The commercial real estate market will benefit from the business-friendly provisions of the just-enacted tax reform bill, and markets that are attracting jobs are likely to be the best-performers for all sectors of CRE in the remainder of the year, according to presenters at the NAIOP New Jersey Commercial Real Estate Outlook held at the Short Hills Hilton Monday evening.

“Good old-fashioned supply and demand still matters, but it’s not the most important thing,” says Spencer Levy, Americas head of research and senior economic advisor for CBRE, the keynote speaker at the program. “The most important thing is the scarcity of talent, meaning that if you’re going to grow your business, you have to go to places that can grow your top line.” That typically means areas that have universities generating a talent pool and a live-work-play environment that’s able to retain those graduates, he says.

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Steve Lubetkin

Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].

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