ROI asks the experts: Real estate predictions for 2018

02 Jan 2018

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We asked some of the biggest names in a cross-section of the real estate industry for their thoughts on the year ahead. In other words, we’re looking at the industry from every angle we could think of.

Here’s what our experts said:

Jeff Hipschman
CBRE
New Jersey senior managing director


Building on past momentum, we expect 2018 to be another growth year for Newark, as the city further capitalizes on both owner and occupier commitments. Over $1.5 billion-plus has been invested in Newark CRE assets since January 2014 (including sales, refinancing and transfers), with investment activity growing year over year as capital flows in from institutional, foreign and New York City-based investors. Another positive sign is the success of major multifamily developments, which have strengthened the labor market and solidified Newark as a live-work-play destination. The Newark office market has gained strength and attracted major employers in recent years — a trend we expect to continue in 2018. With all these signs pointing upward, the city climbed to No. 13 on CBRE’s Tech Talent Scorecard, indicating its growing prominence in the national technology sector.

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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.