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- At mid-2Q 2018 only three Class A industrial buildings larger than 500,000 square feet were available for lease throughout New Jersey.
- The shortage of space caused leasing to slow down at the start of the year without any big-box leases signed in first five months of 2018.
- On a positive note, five buildings greater than 500,000 square feet are set to break ground in 2018.
- Aside from the big-box size segment, leasing has tracked closely with the levels experienced in 2017.
- 2Q 2018 reports 3.6 million square feet leased so far, with pending deals expected to result in total leasing activity that surpasses the levels of the first quarter.
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