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Multifamily consturction and modern product are bolstering real estate in New Jersey .

NAI Fennelly Jerry Fennelly , President

The future of commercial real estate will be defined by the various applications , platforms and software newly available to an industry historically underserved by existing technology . Real estate firms that are early adopters of technology and artificial intelligence will be best positioned to provide data-driven insights and flexible solutions to their clients in 2022 and beyond .

NAI James E . Hanson William C . Hanson , SIOR , President

The growth in e-commerce usage will continue to power one of the most competitive industrial markets in the nation . However , unanswered questions surrounding the return to work still linger over the state ’ s real estate industry as any permanent changes in where , how and when people work will have significant ripple effects for virtually every other asset class in our region .

Photo : Getty Images / iStockphoto / MICHELANGELOBOY

NAIOP NJ Michael McGuinness , CEO

As employers and landlords focus on providing the best hybrid workspace for their employees and tenants , reimagining space usage and upgrading the digital and communications infrastructure needed to support seamless work connections will be essential components for success . We anticipate this will be a key driver for the industry in 2022 .

Prism Capital Partners Edwin H . Cohen , Principal Partner

New Jersey ’ s multifamily construction pipeline and demand for well-located , modern product are enjoying sustained momentum heading into the new year . From for-sale homes to luxury rentals , a new generation of projects are reshaping neighborhoods throughout the state . Today and looking ahead this vital progress depends on true public / private partnership , with developers and government officials working together to benefit their communities .

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