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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.
“Location absolutely remains key in New Jersey's industrial market, and the Rockefeller Group Logistics Center provides Best Buy with a prime transportation-oriented location,” says Cushman & Wakefield's Jules Nissim.
Richland zeroed in on 8100 Westpark due to its sought-after location with high visibility, as well as access to distribution routes and multiple entry points with three main ingresses, its CEO tells GlobeSt.com.
Educating tenants on increasing rental rates and forecasting pricing are two of the biggest challenges, given the volatility of the industrial market, Kidder Mathews' Brandon Rohe tells GlobeSt.com.
The sector achieved nearly 1 million square feet of growth between July and December of last year, with countywide vacancy reaching below 5% by year's end, according to Cushman & Wakefield.