Though a sigh of relief could be heard throughout the nation when lumber prices started falling in June after hitting all-time highs, and it is inching closer to pre-pandemic prices, there are still plenty of other challenges.

The state’s commercial real estate market is going through a boom time. But just what does that look like? Several transactions demonstrate how robust the market is across a swath of sectors.

The Outerbridge Renewable Connector Project in South Amboy will help the state achieve its goal of providing 7,500 megawatts of offshore wind power by 2035, and 100% clean energy by 2050.

Previous ownership invested $1.8 million in capital improvements in the fully leased properties during the last nine months, including new roofs at both buildings and loading packages, LED lighting and office upgrades at one of them.

Evan Zweben joins the Marlton-based company with more than 18 years of experience, leadership skills and knowledge of the southern New Jersey real estate market.

The newly constructed refrigerated and frozen food distribution location recently underwent a 95,000-square-foot expansion to accommodate existing tenant, Misfits Market Inc., which now occupies the full building.

Max and Mia’s signed a 1,629-square-foot lease where a diverse array of retail, medical and professional tenants serve the nearby community.

The specialty packager of frozen alcoholic beverages is tripling its South Jersey footprint with the lease of the freestanding, 63,347-square-foot facility.

The collection of 110 rental units is only the second community to carry the Clarus brand name, offering residents a lifestyle that emphasizes luxury, comfort, convenience, health and well-being.

Pre-leasing activity at the four-story building – just steps from restaurants, shops and retail conveniences – is a testament to how well the downtown Union community has been received by the public.

Leasing velocity at Parkway Commerce Center in 2021 showcases the continued strong demand and confidence in the Garden State's office market.

The program will celebrate individuals and companies who are changing the commercial real estate landscape of New Jersey through development, design, construction, project management and more.