In a state where available industrial space is already in short supply due to our exploding e-commerce sector, asking prices and rents for older and smaller industrial buildings may soon be rising dramatically. Also on the rise will be demand for the power needed to fuel plant growth and maintain proper growing conditions.
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.
On the rise: New Jersey’s ‘other’ industrial corridor
Running from the crossroads of Edison to the New York State border, the 70-mile stretch of Interstate 287 is an active but sometimes-overlooked piece of the state’s industrial market. That corridor has not only grown considerably in recent years, but is in line for continued interest from developers, tenants and investors as an alternative to the booming big-box markets along the New Jersey Turnpike.
