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SOMERSET, NJ-A new first-quarter market report, this one from Cassidy Turley, piles on the positive reviews the state’s industrial market has been getting lately, noting “stellar” leasing in The Meadowlands and a 5% drop in vacancy at Exit 12 of the New Jersey Turnpike. 

Gary Gabriel from Cushman & Wakefield may have been among the first to sound the mantra: “Industrial is the new multifamily” when he spoke of the sector’s burgeoning strength at a recent RealShare breakfast in Newark. There is a rising chorus from various analysts, however.

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