Month: March 2017

March – 2017 Northern NJ Industrial Market Snapshot

The industrial market in northern New Jersey is currently very hot according to surveys by regional industrial realtors.  For the year 2016, absorption is reported to have reached an all-time high while vacancy rates, at 5.0% overall and 4.5% for warehouse space, were at record lows.  Asking rents have reached levels not seen in a decade.  Areas in the NJ Turnpike corridor, notably the meadowlands and further south, at exit 7A, have reported the best […]

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