“Today that office inventory is between 44 and 34 years of age. All the stuff built then was before the internet, before mobile technology,” Hughes said. “A lot of it was cheaply built. So now we have the aging, obsolete suburban inventory that we have to deal with today.”
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New Jersey is gearing up to dispatch a new round of ANCHOR property tax relief money to homeowners and renters
Hughes said, “They’re living on the edge right now, they’re really stretched,” he said. “We’re in a higher inflation era both now with high energy costs and for what may be coming, because of the [Trump administration] tariffs, any benefit they can receive will be helpful.”
Here’s what NJ’s latest economic data indicates
Rutgers professor Will Irving was less sanguine about the office market and the state’s economy. With respect to a hard or soft landing, he said, “it’s still a landing, and the landing that we’re seeing in New Jersey is a little ahead and a little harder than we’re seeing elsewhere.”
Funding for lawmakers’ pet projects largely flowed to Democratic districts
“If a legislator is threatened, if their district is more at risk, they get greater consideration,” said Marc Pfeiffer, a senior policy fellow at Rutgers University’s Center for Urban Research who has long experience in state and local government.
Can Trump tariffs, state aid spur NJ manufacturing resurgence? There are many hurdles
By 1943, over half of the jobs in New Jersey were manufacturing, said James Hughes, an economist at Rutgers University in New Brunswick.
NJ’s credit rating just improved again. Here’s why it matters
The rating upgrade announcement is “very reputational,” said Marc Pfeiffer, a senior policy fellow at Rutgers University’s Bloustein School of Planning and Public Policy, who studies local government in New Jersey.
Relocate or repair question creating post disaster cracks
“Our study reveals that residents and officials across all levels of government are concerned about the financial implications of coastal risk strategies – underscoring the need to clearly demonstrate the long-term economic benefits of alternatives like voluntary relocation and to bolster both household and local fiscal resilience to climate and political shocks.” said Geronimo
Stamato Commentary: Who cares? A murderer roams free, courtesy of Trump’s deportation policy
The Trump administration is exporting people from America not because they committed a crime, although, admittedly, some have, but because he needs “the numbers” — so ICE aims, even, now, at courthouses, to grab those that are in the process of following the legal route to acceptance, a process that can take years, adding to their vulnerability, because the nation has too few immigration judges.
New city chatbot makes information more accessible, mayor says
“For local governments, chatbots create exciting opportunities to improve customer service, automate tasks and cut costs,” according to Marc Pfeiffer. “Residents routinely need information on topics like garbage collection, parking permits, construction projects and event schedules. Chatbots can provide 24/7 automated self-service for these frequent citizen inquiries.”
Dean Shapiro Comments on Trump’s Firing of BLS Official
“The Trump administration … has made no secret about its desire to get rid of people who are trained in their jobs if they are not loyal to the current president,” says Stuart Shapiro, dean of the public policy school at Rutgers University and author of “Trump and the Bureaucrats: The Fate of Neutral Competence.”