Search
 

Economist: CRE Will Do Better by 2015

CHATHAM, NJ-Cassidy Turley's chief economist Kevin Thorpe says New Jersey's economy has momentum and predicts market fundamentals will move into alignment starting next year, generating full recovery by 2015.

By Antoinette Martin | Updated on September 24, 2013

CHATHAM, NJ-Commercial real estate markets are on the mend – and should achieve relative health by 2015 – because the New Jersey economy is gaining serious momentum, even if it “doesn’t feel like  it,” Cassidy Turley’s chief economist Kevin J. Thorpe said at a press  briefing here Tuesday.

He said the state is on pace to add 76,000  new jobs this year, which would put it in the top five states for job growth.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.