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Premier Industrial commercial real estate news, analysis, trends and information including warehouse, distribution, logistics, e-commerce, self storage and R&D space deals and players.
For the first time in recent history, the vacancy rate for northern and central New Jersey's industrial market ended the year below four percent at 3.7 percent.
“Our client was near capacity and continues to grow their customer base, so this was an opportune time to optimize their distribution and transportation to drive delivery costs down and increase service levels,” says Colliers' Noah Balanoff.
No, but the prime industrial overlay zone that was enacted by the City a few years ago will help to preserve certain sites here for future redevelopment into multi-story industrial, JLL's Andy Irwin tells GlobeSt.com.
The effects of inflation and higher interest rates will offset the downward forces of expected strong institutional and global capital flows, says Spencer Levy at CBRE.
Growth in the market will be much slower than the last upswing; most companies are going to remain cautious, even with a great deal of supply and if oil gets to $80/barrel, says McGee in this <b>EXCLUSIVE</b>.