The state economy continues to struggle against high unemployment, despite some modest job gains towards the end of 2013. Despite this, the region, and a few companies in New Jersey received venture capital funding, showing that not everyone is giving up on the state.
The Wall Street Journal highlights significant construction taking place in some suburban enclaves, where multi-story office and apartment buildings are springing up. This has always been resisted in New Jersey and it will be interesting to see if that trend continues.
National Real Estate Investor published a positive piece on the future of real estate investing and suggests that the first quarter of the year will set the tone for 2014 as a whole. Mack-Cali is counting on that positive impact and eager buyers as the continue to shift away from their core office portfolio and into multi-family.
DTZ has published their New Jersey office market report. Get it here: 2014 Office-Northern New Jersey
Shawn Gehle of architecture firm Gensler has some interesting ideas about retrofitting old buildings.
The Bergen Record: New Jersey region start-ups see jump in venture capital funding this quarter
The Wall Street Journal: Suburbia Looks to Grow Up
National Real Estate Investor: The Future Is Bright For Real Estate