Atlantic Environmental Solutions Inc. has bolstered its team with the addition of four new hires.
Industrial
Owning or leasing industrial space in New Jersey means you’re within one day’s drive of one-third of the nation’s population. That means the state continues to be a hotbed of warehouse and logistics activity.
Trend Watch Nov. 28: Big-box leasing activity continues a climb
Twelve leases greater than 500,000 square feet closed throughout northern and central New Jersey, an increase of 33.3 percent year-over-year and a pace expected to outpace year-end totals for 2016. Big-box leasing has tripled as traditional retailers and e-commerce companies —representing 75.0 percent of big-box leasing for 2017 — continued to expand their distribution networks.
The Amazon effect: The e-commerce giant has infiltrated every major asset class in New Jersey
Amazon has long been known for having a profound impact on the bricks-and-mortar retail business. But as it turns out, that’s only one piece of the story of how the e-commerce powerhouse is transforming commercial real estate. New Jersey is poised to feel that impact as much as any other state in the country.
Game-changer: Amazon has been a driving force in surging N.J. distribution market
There’s no ignoring Amazon’s impact on the state’s industrial sector since early 2013, when the company committed to building its first New Jersey fulfillment center in Robbinsville. Not only has Amazon absorbed at least roughly 9 million square feet of warehouse and distribution space since that time. It quickly emboldened other pure e-commerce players that were hesitant to establish a footprint in New Jersey, amid concerns over having to collect sales tax from customers if they had a physical location here.
