New Jersey's Industrial Leasing: A Signal of Post-Pandemic Resilience and Recovery
New Jersey's Industrial Leasing: A Signal of Post-Pandemic Resilience and Recovery
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- Industrial leasing activity in New Jersey year-to-date is on pace for its best performance since the conclusion of the Covid-19 Pandemic. This trend indicates the robustness of the industrial real estate sector, suggesting increased economic stability and continued confidence among investors.
- Asking rents have surged by nearly 100% since 2020 and an impressive 250% since 2015. This sustained growth underscores the sector’s resilience in an increasingly uncertain economic climate, emphasizing its attractiveness for investors and tenants alike.
- Throughout the first half of 2023, tenants have shown a growing preference for Class A properties. This shift reflects the evolution of businesses, as these top-tier facilities enable them to meet the escalating demands of e-commerce while optimizing their supply chain.
August 23, 2023
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US-NJ-NJ New Jersey