EAST RUTHERFORD, NJ-With interest rates still at historic lowsand the stock market still uncertain, investment in suburban NewYork real estate is coming back, according to Andrew Merin, vicechairman of Cushman & Wakefield’s Metropolitan Area CapitalMarkets Group.

New Jersey is particularly active, with office sales volumepossibly doubling 2009 figures, and industrial sales also exceedinglast year’s activity, the company reports. “Investment sales havecome out of hibernation,” Merin tells GlobeSt.com.

Pension funds are once again looking to invest, a reversal of2009 trends. Foreign buyers from Israel, the rest of the MiddleEast and German have returned to the market, seeking alternateinvestments to the shaky equity market. Even China is beginning toeducate itself about the market. “America is favorably viewed now,”compared with Europe, Merin says. “If you look at Spain, Portugalor Greece, people are scared.”