Andrew Judd, left, and Jason Price, of Cushman & Wakefield Andrew Judd, left, and Jason Price, of Cushman & Wakefield

EAST RUTHERFORD, NJ—At the half-way point of 2018, the Northern and Central New Jersey industrial markets remain on an established positive trajectory, despite a scarcity of existing, modern warehouse space, according to Cushman & Wakefield. Rents for warehouse/industrial properties are reaching levels above $8 per square foot, a new record.