Hello Jeremy! Tell us a little about yourself.
I co-lead the Institutional Properties Group in New Jersey for CBRE. Our team specializes in the sale of retail, office, and multifamily assets in the suburban tri-state area.
How did you get your start in retail real estate business?
I actually started my career in 1998 as a retail leasing broker. I pivoted to office leasing shortly thereafter, but in 2017 when I pivoted, again, to capital markets, retail was again part of my practice.
What do you see as the most important factors shaping the market today and over the next several years?
I think the impact of e-commerce will continue to expand and evolve and how retailers adjust to the changes in consumer behavior and buying habits will shape the future. Looking further that the next several years, autonomous vehicles will have a huge impact on physical real estate, especially the approximately 168,000 gas stations in the US.
"I write a lot for young brokers and if my blog can help them move their career forward in the slightest way, that’s amazing."
What have you changed your mind about in regards to retail real estate in the last year or two?
We now see online retailers like Warby Parker and Allbirds open physical locations to provide better service and access to their customers. That changed my mind about the relationship between online and street retail.
What’s your goal with your blog Neuerspace.com?
I have things to say and people sometimes find them interesting. My goal is to put out content that is meaningful to me that either makes a reader smarter or think about something in a way that they hadn’t before. I write a lot for young brokers and if my blog can help them move their career forward in the slightest way, that’s amazing.
"I once represented a building that wouldn’t lease space to a tanning salon because of the health implications, but on the back side of the building, there was a cigar store"
Tell us about the strangest/craziest/most interesting thing you’ve ever seen in your career in the CRE/retail real estate space.
I once represented a building that wouldn’t lease space to a tanning salon because of the health implications, but on the back side of the building, there was a cigar store. Can’t make that stuff up.