The Central and Northern New Jerseyindustrial market continues to see strong demand andinvestment.
SADDLE BROOK, NJ—The strength of the Central and Northern NewJersey industrial market that saw the absorption of newlyconstructed space last year that approached 80% led to the market'sranking in the top five in the US.
A report released by CBRE found that the vacancy rate for theCentral and Northern New Jersey market for the 6.3 million squarefeet of new construction last year, stood at just 22.2% at the endof 2019.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
