Cushman & Wakefield: Banner Year for NJ Industrials


It’s always a full house at RealShare Philadelphia. The Union League, February 9.

 Andrew Judd, left, and Jason Price, of Cushman & Wakefield
EAST RUTHERFORD, NJ—The New Jersey industrial market sustained its momentum through the fourth quarter of 2015, with continued robust demand, falling vacancies and rising rents for warehouse space, says Cushman & Wakefield in its fourth quarter industrial report.

“The final quarter of 2015 saw robust demand fueled by the submarkets along the New Jersey Turnpike, which pushed vacancy to a 15-year low,” says Jason Price,Cushman & Wakefield’s research director, tri-state suburbs. “As available warehouse space declined in most major market segments, the average asking rental rate rose to a high we have not seen since 2000.”…

Cushman & Wakefield: Banner Year for NJ Industrials

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