EAST RUTHERFORD, NJ-The overall New Jersey commercial real estate market, while still somewhat colorless, is moving slowly toward an economic upgrade, according to locally based Cushman & Wakefield Inc.’s mid-year research findings. Northern New Jersey’s fundamentals remain stronger than those in the state’s central counties heading into the second half of the year; the industrial sector appears to be gaining ground.

“While minimal decreases in the unemployment rate and a small uptick in net job gain are relatively minor, the changing climate illustrates preliminary signs of stabilization that could trend toward recovery,” says Gil Medina, executive managing director for the commercial real estate services firm’s New Jersey operations. “We are seeing pockets of improvement throughout the market.”

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