PARSIPPANY, NJ—Buoyed by a strengthening economy, the Northern and Central New Jersey industrial market continued to show improvement into the second quarter of 2015, with fundamentals remaining strong, according to research from Colliers International. As industrial leasing activity outpaces last year’s rate, additional favorable indicators include increased absorption, a continuing inflow of investment capital, and vibrant construction activity.

“The Northern and Central New Jersey industrial market continues to demonstrate strong leasing activity and demand from occupiers,” says David A. Simon, executive managing director and market leader for the New Jersey operations of Colliers International. “In order to accommodate requirements in the market, we anticipate seeing owners divide larger units that traditionally they may not have considered previously.”

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