How goes the New Jersey manufacturing real estate market?
Reportedly, quite well, with a solid batch of empirical evidence culled from across 2018 strongly supporting the assertion.
In fact, notes the industry leading real estate investment and management firm CBRE, the Garden State is having a most impressive year from the perspective of manufacturing property-linked purchase/sale activity. A New Jersey business publication spotlighting CBRE’s data underscores that 2018 could turn out to be “one of the strongest years for New Jersey’s manufacturing real estate market” in a long time.
What gives? More specifically, what factors centrally support the uptick in good news and CBRE references to strongly positive trends in the state’s manufacturing sector that are expected to continue?
For starters, stresses an inside analysis, state developers and investors are doing a good job in their due diligence and feasibility studies investigating potential opportunities. CBRE principal Robert L’Abbate says that attractive transactions abound for business players who can “unlock the value of underutilized manufacturing facilities in the tristate area.”
Gathered evidence suggests that increasingly more commercial principals are doing just that. A CBRE report stresses that manufacturing-linked realty transactions projected to close in New Jersey in 2018 will spell “a 63 percent leap from four years ago.”
We certainly welcome that news at the proven real estate Law Office of Rajeh A. Saadeh in Somerville. Our law firm provides broad-based transactional guidance and representation to diverse clientele pursuing opportunities in both the residential and commercial realty spheres. We help individuals and businesses close deals involving all facets of real estate, attending to matters ranging from property identification and financing to negotiations, asset structuring and more.
We welcome contacts to the firm and the opportunity to provide further information.