LITTLE FALLS, NJ-Rick Marchisio is co-founder, president andprincipal of Lee & Associates’ New Jersey operations. As a realestate professional with over 23 years of experience, Marchisio,along with co-founder Brian Lynch, opened the firm’s Garden Statebranch in early 2009. He sat down with GlobeSt.com recently todiscuss the state of the market and his outlook for the yearahead.

GlobeSt.com: How does thestate of commercial real estate compare to one yearago?

Marchisio: The state of the New Jerseycommercial real estate market has improved considerably compared tothis time last year, but the term improved must be put into properperspective. One year ago from today the market was utterlylifeless. The market 12 months ago most closely resembled the yearfollowing 9/11. With this as a backdrop, one can certainly say thatthings have improved. Deals are happening, most prevalentlyon the industrial side, but the office sector is beginning toimprove as well. Certain sectors of the investment market aredoing well. Retail is another story.