MARLTON, NJ—Continuing a trend first notedduring the second quarter, the Southern New Jersey commercial realestate market appears to be shifting from recovery to growth,according to the latest analysis by Wolf Commercial RealEstate.
The firm's third quarter market report finds mostly positivetrends during the third quarter. The CRE market continued buildingupon positive trends seen in the previous quarters, with increasesin new leases and renewals, as well as further positive absorptionof vacant properties.
“The market's fundamentals continue to strengthen, and it seemslike the economy has found its footing after a prolonged period ofrecovery,” says Jason Wolf, founder and principalof WCRE. “We're still a long way off frompre-recession levels, but hiring is up, office employment is up,and businesses are showing signs of expansion, all of which bodeswell for the commercial real estate market.”
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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].
