6C — January 31 - February 13, 2020 — 2020 Forecast — M id A tlantic Real Estate Journal
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CRE B roker
By Robert Holland, The Kislak Company, Inc. Bright Projections for New Year, New Decade
A
t Kislak, we are very fortunate to be able to say it is rewarding
We are proud of Kislak’s reputation as an important force in the market since 1906. Over time, Kislak has demonstrated the ability to succeed through all types of economic climates. We respect and embrace history and traditions, while enthu- siastically forging ahead with innovations and ideas that benefit our clients and our communities. In our primary markets of New Jersey, Pennsylvania and New York, we finished 2019 with a total of 165 closed transactions. It was gratifying and inspiring to
see terrific deals put together by Kislak salespeople at vary- ing stages of their careers. Very experienced salespeople came through with stellar performances, setting the bar high by closing on impres- sive deals. At the same time, many recent additions to the team learned from these tal- ented mentors and completed their own important transac- tions. Across the board, there is the promise of continuing this high level of professional achievement. De cade upon de cade , growth and diversification have remained part of our
plans. We continue to expand our sales force, and, after investing in a New York City- based investment real estate brokerage firm in 2019, Kis- lak is now investing in a New Jersey-based commercial real estate brokerage firm to bolster its service lines and reach. In the early weeks of the new year, it is clear multi- family remains as attractive as ever. In fact, investor de- mand for multifamily is as high as I have ever seen it in my 35 years in the business. The continuation of histori- cally low interest rates, stock
market swings and lower returns on many other types of investments, all combine to enhance the appeal of multifamily properties’ reli- able, comparatively low-risk returns. Sellers benefit from all-time-high prices, while buyers can take advantage of the increased availability of mortgage money at attrac- tive interest rates. Renting is appealing to more and more people, and in most mar- kets, the demand outweighs the supply. Empty-nesters, retirees, Millennials and members of Generation Z are drawn to the freedom and flexibility of multifamily living and swelling the ranks of apartment dwellers. In our commercial sales and leasing division, we an- ticipate low vacancy rates and increasing rents will continue in 2020. Warehouse properties, especially those in areas with access to pri- mary transportation outlets, are in demand, as are office properties in central business districts with strong com- muter services. Multifamily and commercial opportuni- ties come together in adap- tive reuse projects that are created to meet the growing demand for the live, work and play lifestyle. For more than a century, Kislak has prided itself on be- ing its clients’ eyes and ears in the marketplace. We do the research and homework needed to make sure we know what is happening today and are prepared for what is coming tomorrow. We stay in touch, face-to-face, keep- ing our clients and potential clients apprised of changes and opportunities. When the deal is done, we’re not. It’s all about relationship build- ing and service, not just in the moment, but for the long run. Clients become repeat clients, and send us referrals, because they come to know and trust the honest, hard- working Kislak team. Times and technology change, but the power of personal connections nev- er fades. It is engrained in the Kislak culture and con- science, and at the heart of the great opportunities and success we forecast for the new year. Robert Holland is presi- dent of The Kislak Com- pany, Inc.
to look back, and ex c i t - ing to look ahe ad . As 2019 drew to a c lose , w e f o u n d o u r s e l v e s reflecting on a decade of
Robert Holland
extensive growth capped by a strong year, while antici- pating the opportunities and ventures awaiting in 2020 – many of which are already in the pipeline.
EXCLUSIVE PROPERTIES FOR SALE
Upper Darby, PA 10,338 Acres Matt Weilheimer ext 272
Darby, PA Redevelopment Property Matt Weilheimer ext 272
Evesham, NJ 4.697 AC for 160 Units Justin Lupo ext 225
Newark, NJ 10 Units + 6 Retail Julie Gralla ext 224
Newark, NJ 33 Units - 2 Buildings Michael Salomon ext 243
Red Bank, NJ 28 Units Daniel Lanni ext 248
The Kislak Company, Inc. | kislakrealty.com | 732 750 3000
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