Jeffrey Furey, left, managing director, and Matthew Dolly, New Jersey research director, Transwestern Jeffrey Furey, left, managing director, and Matthew Dolly, New Jersey research director, Transwestern

PARSIPPANY, NJ—Bolstered by unabated demand and new development, New Jersey’s industrial market saw its average rental rate continue to skyrocket during the second quarter, eclipsing the $7 level for the first time ever, according to Transwestern’s Second-Quarter 2017 Industrial Market Report.