However, the power of improvement is in the hands of the buyersand tenants now, which has created many opportunities in thecommercial real estate market. As more and more players in the realestate market continue to realize and capitalize on theseopportunities, the market continues to improve steadily across eachof the three main sectors of the market, including industrial,office, and retail.

Market Fundamentals
The industrial marketplace in northern New Jersey is a robustmarket in general, due to its centralized and convenient locationwithin a 5 hour driving radius of about 40 percent of the country'spopulation. In addition, there has been a shift in the demand forindustrial goods, following the US' conversion from a manufacturingbase to a service based industry, which demands warehousing thatdifferentiates from long ago.

This shift has not only created a need to receive goods fromoutside sources, but also to store these goods temporarily beforeshipping them to retail oriented locations. Therefore, New Jersey'sports will continue to grow to help improve delivery of the goodsthat consumers demand.

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