Big-box demand struggles with limited supply

• The proliferation of e-commerce spiked leasing velocity in 2016 and 2017 due to significant demand for big-box and mega-box spaces.
• Limited supply of big-box space across the state has stalled leasing velocity for YTD 2018.
• There are only five (5) availabilities in excess of 500,000 square feet in the state.
• Tenants have expanded the geographic scope of requirements into Southern New Jersey and Lehigh Valley to accommodate immediate needs.

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