NEW YORK CITY- New York and New Jersey transit infrastructure is growing worse despite economic dependency on the connective travel lines between New York and New Jersey, according to a research study by real estate think tank CoreNet Global.
Due to increased urbanization, companies and employees moving into the New York metro area, and commuters believe corresponding investment into travel infrastructure has failed to match up. Of the survey respondents, 73% believe it is growing worse.
Travel between New York and New Jersey is a necessity for commuters, who say streamlined travel in and out of both states is a top priority. And it's not just individual commuters who have a bone to pick: New York and New Jersey-based companies find that more than 90% of their employees rely solely on public transit connections, according to the survey.
"We're seeing that companies heavily rely on commuters, no matter where they are traveling from," said Sheena Gohil, president of CoreNet Global NYC, in a prepared statement. "While the volume of commuters varies between New York and New Jersey, the importance of streamlined travel is crucial to the New York metro area's economic health."
CoreNet Global New York City and New Jersey Chapters released the results from the public policy community survey in connection to the Gateway Project, which highlights the need for streamlined connectivity for commuters traveling between New York and New Jersey.
New Jersey Transit rail line and the PATH are the most widely used forms of transportation among commuters traveling into the New York metro area, with an overwhelming reliance on the rail trains for New York businesses. With this said, more than 89% of New York companies believe that access for employees commuting into New York from New Jersey is important, and more than 68% of New Jersey-based companies find that access for New York commuters traveling to New Jersey is important, results found.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
