Podcast Interview: Margules Optimistic About Jersey City's Prospects

Eric Margules, Margules Properties

JERSEY CITY, NJ—Developer Eric Margules is optimistic about the overall economy’s impact on commercial real estate development in Jersey City, but he also warns that the high cost of liquor licenses is stunting the broader development of a range of smaller pubs and taverns that could attract more Millennial renters to the Hudson County city.

“Real estate developers have to be optimistic,” Margules told GlobeSt.com in a wide-ranging interview.  “We are under market on most of our properties so we have a lot of room for growth. As far as the economy is concerned, I still see it as strong. All the growth is on the West Side and that’s right next to New Jersey.”