FLORHAM PARK, NJ—After a sluggish first quarter, the New Jerseyindustrial market roared back with a 20% increase in leasingactivity, according to a report released by Transwestern CommercialServices.
The brokerage firm's second quarter report notes that the strongleasing activity improved the state's industrial vacancy to ahistoric low of 3.6% in the second quarter, which marked the fifthconsecutive quarter the state's vacancy rate was below 4%.
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