“As pandemic restrictions ease and life resumes a sense of normalcy, owners of commercial real estate shouldn’t be lulled into a false sense of comfort. As a result of lingering work-from-home policies, exploding interest rates and a change in overall demand for space, vacancy rates for office buildings in New Jersey are on the rise.”
In the April 21st issue of ROI-NJ, Mandelbaum Barrett Real Estate Partner Joshua Gorsky, Esq. and Counsel Michael J. Lipari, Esq. outline 4 steps that commercial property owners should consider to adapt to changes in the current real estate market.