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Turnpike Exit 8A Deals Spark Industrial Market Rebound

Strong tenant demand has also caused rents to rise, with the overall average rent higher by 7.8% year-over-year, including 10 submarkets that record rent increases of more than 10% during that period.

Strong tenant demand has also caused rents to crise, with the overall average rent higher by 7.8% year-over-year, including 10 submarkets that record rent increases of more than 10% during that period.

FLORHAM PARK, NJ—After a sluggish first quarter, the New Jersey industrial market roared back with a 20% increase in leasing activity, according to a report released by Transwestern Commercial Services.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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