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Real Estate Predictions: Experts Offer Insights for 2022

ROI-NJ

January 04, 2022

ROI-NJ asked industry experts to predict how the sector will play out in 2022.

According to Ted Zangari, Chair of the Sills Cummis & Gross Real Estate Department, it's time to make land.

"Supply of new industrial space will tighten even more as efforts to preserve farmland intensify. Ultimately, municipalities will realize that warehouses are the only viable tax ratable for many sites and come to a practical compromise on the usual issues.

In the port district, supply constraints and land prices will finally motivate redevelopers and cities to do the harder work of assembling and reimagining disparate clusters of contaminated and underutilized parcels — in other words, making land."