Sean Ryan is associate editor of Real Estate New Jersey, from which this article is excerpted.
New Jersey's known for its retail--its dense, affluent population has made the Garden State desirable like no other state, although some retail formats still work better than others. RENJ associate editor Sean Ryan asked four of the top people in the market to "take its temperature." Mario Dudzinski, vice president of real estate for Garden Commercial Properties in Short Hills; Matt Harding, president of Levin Management in North Plainfield; Beth Krinsky, senior vice president at Weichert Commercial in Iselin, and Chuck Lanyard, principal and director of brokerage services at The Goldstein Group in Glen Rock, offer their thoughts on how the market is doing, what retail products are hot and what are some of the problems facing retail.
RENJ: From your perspective, what's the current condition of the shopping center/retail market in New Jersey?
Lanyard: "The best way to describe it is that New Jersey retail remains very strong. That's despite some of the changes we've been going through with high gas prices and interest rates. New Jersey still has the best demographics in the country as to high incomes and density of population.
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