X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HASBROUCK HEIGHTS, NJ-The stabilizing Northern and Central New Jersey industrial markets should even begin to grow, despite market turmoil and toll hikes, according to Jones Lang LaSalle and data from the firm’s second quarter sector overview. At the end of the quarter, rents remain depressed, with average asking rents in New Jersey at $4.93 at the end of the most recent quarter, compared to $4.96 at the end of the first quarter. The good news: the overall vacancy rate for New Jersey was 9.3%, down from 9.4% at the end of the first quarter.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.