Triple Play is a weekly NJBIZ feature that asks top executives in New Jersey to talk about three things related to their industry.
Bob Martie is the executive vice president of the NJ region for Colliers International, a firm he joined in 2010. When he's not working, he's fly-fishing, hiking, riding his Harley or spanning the globe — just ask him about his amazing journey in the jungles of Belize.
We asked Bob to name three issues facing office real estate in the coming year:
Job Growth/Job Retention: This has been an ongoing concern in New Jersey since we were hit by the recession, but the commercial real estate industry has a strong sense of optimism that the new incentive grants will contribute to the slow, but sure rebound that we've experienced over the last several years.
Aging Supply: Many office buildings are inefficient compared to new buildings that utilize the latest developments in technology and communication. This has created an opportunity for the real estate community to redeliver aging products through renovations versus building from the ground up.
Perception: The Christie administration must continue its hands-on work with businesses and shift the perception to show that NJ is an advocate for the growth and development of businesses.
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