PARSIPPANY, NJ— E-commerce driven activity led to 18.6 million square feet of industrial leasing in New Jersey in the first quarter, breaking the 12 million-square foot record set during the fourth quarter of 2015, according to David Simon of Colliers International Group.
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Uncertainty grows as prices and sales volumes retreat.
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Metro-level nuances reveal opportunities that might not be obvious based on national trends.
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Vacancy is set to tick up 10 basis points this year but remain 110 basis points below the national average.
