N
ew Jersey's commercial real estate market has been a hot topic for several years, with the industrial sector leading the charge due to e-commerce growth and online shopping. Despite NIMBY backlash against warehouses, this sector remains strong. Other sectors, such as office space, are in flux as attitudes toward work continue to evolve, driven by changing expectations from both owners and tenants.

    The multifamily residential market is also undergoing significant changes, with evolving needs of families and individuals shaping the landscape. While higher interest rates initially slowed development, construction and renovations continued, and with the Federal Reserve's recent rate cut, conditions are now favorable for growth.

    However, political uncertainty surrounding this year's presidential election and next year's gubernatorial election introduces an element of unpredictability. Real estate professionals must navigate these changing circumstances to succeed.

    Below is a list of individuals who have demonstrated their ability to adapt and thrive in the face of adversity, particularly during the COVID-19 pandemic and its aftermath. Their expertise and contributions make them well-positioned for continued success in New Jersey's commercial real estate market.

    The NJBIZ editorial staff compiled this power list through reporting and input from experts and readers, recognizing individuals who have made significant contributions to the state's economy and public interest. Honorees are not necessarily the best in their field but have made meaningful impacts through their work and community service.