A doughnut manufacturer is set to expand after leasing nearly 125,000 square feet for a new facility in Rockaway, according to a brokerage team with Savills.
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.
Owners Council Q&A: Jeff Milanaik
Our industry, like all others, has seen an ebb and flow since 2020. While we received the benefit of thriving business immediately following the pandemic, the last few years have brought us stabilization. As seasoned professionals in the industry, Bridge Industrial recognized that the level of activity we had during COVID could not be sustained for an extended time. In fact, as early as 2022, in my role as NAIOP Corporate Chair, the signs of a shift began to appear, and activity began to shrink. However, as we are heading into the end of 2024, we are beginning to see signs of increased activity and customer demand.
Owners Council Q&A: Katie Kurtz
In many property types, the market remains at somewhat of a standstill, with the high cost of capital making desired return metrics hard to hit. However, the strength of the multifamily and industrial sectors allows smart investors to transact. The promise of further rate cuts does bring reasons for optimism. Predicting the exact industry response is challenging though, as it will take time for the market to adjust to the new rates and benchmarks before transaction volume picks up.
