Q1 Progress, but Uncertainty Still Hurts Market
NEWARK, NJ-The deal keeping Honeywell in the state was a great start to 2013, CBREís senior managing director Jeff Hipschman says. In a discussion with Antoinette Martin at the recent RealShare New Jersey breakfast, Hipschman identifies other positives for the market, but says continuing economic uncertainty continues to forestall strength. Other points Hipschman makes:
- E-commerce is helping to perk up the industrial sector.
- Medical office moves to retail space is encouraging.
- Large office-space deals continue few and far between.
Mark your calendar for RealShare NEW JERSEY on September 16. New venue: The Hilton Meadowlands.