It’s Time to Build Condos Again Says Cushman’s Brian Whitmer

New Jersey Gold Coast Condo Developments
Photo Credit: David Jones on Flickr

Globe Street recently sat down for an exclusive interview with Brian Whitmer, head of Cushman & Wakefield’s Metropolitan Area Capital Markets Group. In the interview, Whitmer talks about the New Jersey multi-family market and urges developers to start transitioning from rental to condo projects.

A few years ago the only condo project under construction in New Jersey was in Edgewater. Since the recession, developers and banks have shied away from condo projects, instead opting for more stable rental projects.

Citing pent-up demand, short supply, and favorable pricing, Whitmer believes the condo market is finally back and developers should take advantage of these positive market conditions.

Read the full interview on Globe Street: Cushman’s Memo To NJ: Go Condo, Young Developer!


Have something to add to this story? Email [email protected].

Click here to sign up for Jersey Digs' free emails and news alerts. Stay up-to-date by following Jersey Digs on Twitter and Instagram, and liking us on Facebook.

No posts to display