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SADDLE BROOK, NJ-The New Jersey industrial market proved stagnant in the first quarter of 2010, as the availability rate remained flat at 11.7% for the third consecutive quarter, finds CB Richard Ellis’ Q1 industrial market report. In addition, the report concludes that leasing velocity continued to rise while sales velocity took a 55% decline from the previous quarter. Ultimately, finds the report, these market fluctuations owe much to disparate performances between Central and Northern New Jersey.

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