M id A tlantic Real Estate Journal — Spring Preview — April 2026 — 9
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S pring P review
ooking further ahead into 2026, we at Sheldon Gross Realty are keep- By Jonathan Glick and Josh Glussky Sheldon Gross Realty forecasts steady industrial performance, measured office recovery in 2026 L pushing companies to reassess and “right-size” their space, which is helping keep demand
In areas close to New York City, major East Coast ports, and key trucking routes, prices are likely to keep rising. Else - where, pricing should stay in line with what we’ve seen over the past year. Sales activity for IOS has stayed active, with buyers still willing to pay a premium. There’s particularly strong demand for one- to four-acre properties with repair shops, but those are difficult to find. Industrial-zoned land contin - ues to draw interest, whether or not approvals are already in place. As always, value comes
down to location and what the property can be used for. De - velopment will continue, but at a more typical pace, and we don’t expect to see the same elevated pricing levels of the past few years. Office With decades of experience in the business, we know how difficult it is to predict where the office market is headed. Still, we’re taking a generally positive view of 2026. There’s a growing push to bring employ - ees back to the office after years of remote and hybrid work. At the same time, demand re-
mains solid for well-located of - fice buildings, especially among business owners looking to buy space for their own use. While change is constant, and while A.I. adds another variable, well-positioned, stable proper - ties should continue to perform. At Sheldon Gross Realty, we believe 2026 will present real opportunities, and we look forward to helping both current and new clients take advantage of them. Jonathan Glick is execu- tive VP, and Josh Glussky is assistant VP at Sheldon Gross Realty. MAREJ
ing a close eye on the mar- ket, doing our homework, and staying cautiously op- timistic. With a few excep - tions, we ex - pect the year
in place. One exception is new construc - tion in prime locations, where lim - ited supply should con- tinue to sup- port higher
Jonathan Glick
Josh Glussky
to look a lot like 2025, with a steady demand for warehouse space and Industrial Outside Storage (IOS). Industrial Given current conditions in the capital markets, buyers are being more selective, focusing on location, tenant quality, and lease terms. As a result, lease rates and sale prices should remain fairly steady in the near term. Supply remains tight, and there’s a clear gap between what sellers are asking and what buyers are willing to pay. Demand is especially strong for 5,000- to 30,000 s/f proper- ties, but inventory is limited, and there’s less sublease space available than there had been. With fewer aggressive buy - ers, we expect pricing for exist - ing warehouse properties to lev - el off. At the same time, tariffs and ongoing supply chain is- sues tied to global tensions are Sheldon Gross Realty secures two lease renewals in Monmouth Junction 3759 Rte. 1 MONMOUTH JUNCTION, NJ — Sheldon Gross Realty announced two lease renewals at a Monmouth Junction, NJ office building. Moofwd Inc., a five-year ten - ant, has renewed its 3,368 s/f lease, while Inrika, Inc., a three- year tenant, has extended its 3,287 s/f space. Sheldon Gross Realty presi - dent Marcy Gross , executive VP Jonathan Glick , and as- sistant VP Joshua Glussky represented the property owner in both transactions. Located at 3759 Rte. 1, the property features a mini- campus setting. MAREJ
lease rates. Industrial Outside Storage (IOS) Land Demand for outdoor indus- trial storage remains strong.
Let Us Help You Find the Perfect Location for Your Business
MIDDLESEX – FOR SALE 14,000 +/- Sq. Ft. Industrial
SUMMIT – FOR LEASE
6,688 +/- Sq. Ft. Retail Space – Downtown Summit The former Meat House – Building features Private Parking Glass Storefront / Open floor plan
3.38+/- Acres Parcel – 2+/- Acres Outside Storage
HILLSIDE – FOR LEASE 1+/- Acre – Level Paved Land Truck/Trailer Parking/Outside Storage
MIDDLESEX - FOR LEASE
43,800+/- Square Feet – Industrial Buidling Ceiling height between 40 to 50 feet – 4 Cranes
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SHELDON GROSS REALTY, INC. REALTORS ● Corporate Real Estate Services 80 Main Street, West Orange, NJ 07052 Tel. 973-325-6200 - Fax. 973-325-9090 www.sheldongrossrealty.com
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