Schneck Law Group LLC

Over $150,000,000.00 of property taxes have been refunded by the property tax attorneys associated with Schneck Law Group LLC.

Schneck Law Group LLC exclusively represents property owners in property tax appeals and focuses on reducing real estate taxes on commercial, industrial and multi-tenant real estate. Schneck Law Group LLC has 3 property tax attorneys and a staff of trained paralegals. The firm's founder and managing member, Michael Schneck, may be reached via email at

For a free consultation about a potential property tax appeal, please do not hesitate to contact me.

Direct Dial: (973) 533-9300, ext. 1

Wednesday, February 6, 2008

New Jersey Commercial Real Estate Drops

“Sales of large commercial buildings have dropped nationally, but the downswing in north-central New Jersey has been particularly chilly.” - Maura Webber Sadovi in today’s Wall Street Journal (please click here for the article.)

According to the article, sales of commercial, industrial, and multi-tenant properties that are valued in excess of $5 million, have fallen by more than 75% since the fourth quarter of 2006. The article states that one of the primary reasons sales of commercial real estate in New Jersey have all but stopped is the fact that commercial rents in New Jersey have not increased as much as rents in nearby Manhattan.

Office vacancies for the fourth quarter of 2007, as stated by the article, stood at a whopping 17.8%.


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