NJ Retail, Office Space Vacancy Continues to Grow as Covid Drags On
NJ 101.5
According to Otteau Valuation Group, based in Matawan, retail space vacancy (including restaurants) in New Jersey is up by 4 million square feet compared to the beginning of 2020. The same goes for office space throughout the state.
ROI-NJ Presents the 2020 ROI Influencers: Real Estate List
ROI NJ
Jeff Otteau, no one does what he does better. It's as simple as that. Otteau is the go-to source for evaluation and analysis needed to show any project is worth doing- or not worth doing.
10 Jersey Towns with Soaring Home Sales
NJ Monthly
Sale contracts were up 37 percent statewide in July 2020 over July 2019, with gains in all counties, according to an analysis by the Otteau Group.
Does Taxing the Wealthy Really Drive Them Away?
The Real Deal
If and when the nation brings the coronavirus under control, the state’s millionaires’ tax will become part of the calculus for wealthy buyers deciding whether to move back to New York City, according to Jeffrey Otteau, president of the Otteau…
New Apartments in the Suburbs Attract New Yorkers
New York Times
Until the pandemic, Hudson County, which includes Hoboken and Jersey City, was the top-performing real estate market in the state, according to Jeffrey Otteau, president and founder of Otteau Group, a real estate analytics and appraisal firm. But demand for…
New Yorkers Are Fleeing to the Suburbs: ‘The Demand Is Insane’
New York Times
“The demand has to come from somewhere, and we think most of that is coming from New York City,” Mr. Otteau said. “In some ways, this looks to me like the 1960s and 1970s, when there was a large outflow…
Winners and losers of NJ real estate market in the pandemic
NJ 101.5
“Office space demand is in for a very rough ride because it looks like employers are going to allow their staff to continue to work remotely from home some of the time or all of the time," Otteau said. “In…
5 Ways the Coronavirus Has Changed Suburban Real Estate
New York Times
“This was a life-altering series of events which likely made an indelible mark on everyone’s psyche, not unlike what happened after the Great Depression,” Mr. Otteau said. “That experience put an imprint on peoples’ minds that shaped their lives for…
Suburban New Jersey Homes Headed for Biggest Price Increase Since 2005
Bloomberg Quint
"This looks like the 1970s, which was a time when people were leaving the cities," Jeffrey Otteau, president of Otteau Valuation Group, said in an interview. "You had tremendous growth in places like Long Island and Westchester County, at the…