Nearly all of the office buildings in North Jersey were built during a 1980s construction boom, and they are therefore roughly the same age. But they have vastly different life expectancies. Some have been given up for dead and are scheduled for demolition. Others are past their prime and sit unloved and empty. But a growing number have been […]
building, Hughes, millennials, office, real estateThe same demographic trends threatening New Jersey’s malls have left the state with dozens of abandoned office parks—sometimes referred to as “gray fields”—and countless vacancies in suburban office buildings. Lately, however, technology has changed the workplace again. “In 2007, the iPhone was introduced, heralding the smartphone era and providing mobility for workers,” says James Hughes, […]
demographic, economy, gray fields, New Jersey, office parks, real estate, suburban, technology
The New Jersey Bankers Association, in conjunction with the Edward J. Bloustein School of Planning and Public Policy at Rutgers University, has released the results of the eighth annual NJBankers Economic Survey of Bank CEOs. The survey inquired about national and state current economic assessments as well as six-month projections; expectations about home values; residential […]
assessment, economy, employment, NJBankers, projections, real estate, surveyRutgers economist James Hughes said many of the office buildings in Central Jersey were constructed 30 to 35 years ago, “however a number of properties have been repositioned, they have been upgraded, their information technology systems are state of the art.” NJ1015.com, July 18
buildings, commercial office space, Hughes, James Hughes, real estateNew Jersey’s top business leaders are optimistic about the direction that the national economy is heading in this year, but as the state gets ready to elect a new governor, they are more cautious about New Jersey’s own immediate economic future. The results of a new survey released yesterday by Rutgers University’s Real Estate and […]
business, business climate, economy, Hughes, NJ, real estate, Weiner
WHAT: A webinar presentation and expert panel discussion of findings from the longitudinal survey of New Jersey business leaders conducted by the Edward J. Bloustein School of Planning and Public Policy, Rutgers University. WHO: James W. Hughes, distinguished professor and dean of the Bloustein School, will present the economic and demographic context and substantive findings […]
Bloustein, business survey, CBRE, economic development, Hughes, Kimmerle, PNC Financial, PricewaterhouseCoopers, real estate, Riker Danzig Scherer Hyland PerrettiIn December 2012, Dr. James W. Hughes, Dean, Edward J. Bloustein School of Planning and Public Policy, Rutgers University, and his colleague, Dr. Joseph J. Seneca, published, Reinventing the New Jersey Economy: New Metropolitan and Regional Employment Dynamics. The Rutgers Regional Report indicated New Jersey’s office-based economy, such as office parks and post-industrial complexes, required […]
economy, Hughes, industrial, New Jersey, office, real estate, Rutgers Regional Report, Seneca
The New Jersey Bankers Association has released the results of the sixth annual NJBankers Economic Survey of Bank CEOs, conducted by researchers at the Bloustein School. The survey inquired about national and state current economic assessments, as well as six-month projections; expectations about long-term and short-term interest rates; commercial real estate and business loan demand; […]
banking, economy, Hughes, interest rate, loan, McWeeney, NJBankers, projections, real estateNew Jersey has its own set of problems. James Hughes, dean of the Edward J. Bloustein School of Planning and Public Policy at Rutgers, said more people are leaving the state than ever before. Hughes compared that statistic to a “balance of payments.” Between 2010 and 2015, New Jersey lost 269,000 people to other states, putting it […]
home sale price, Hughes, millennials, real estate, transit villageFor future success in a post-suburban economy, New Jersey’s business, political and community leaders have to confront a three-decade-old office footprint that has become outdated and unusable in today’s growing digital economy. “The harsh economic reality is that there is too much outmoded office space in our suburban territory,” James W. Hughes, dean of the Rutgers University Edward J. […]
economic reality, Hughes, Middlesex Chamber of Commerce, pessimistic, real estate