SADDLE BROOK, NJ – According to CBRE's Q3 2020 industrial report, the New Jersey industrial market exceeded expectations within the past three months by displaying strong leasing activity and climbing average asking rents.
During the third quarter, industrial leasing totaled 7.3 million square feet, representing a 40% increase from Q2 2020.
The state's average asking rent for class A industrial space was $11.18 per square foot, representing a 7% increase from Q2 2020.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
