An investor has purchased a 2,700-square-foot commercial property in Middlesex Borough, in one of several newly announced deals by The Boniakowski Commercial Real Estate Group.
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.
Labor force challenges: An intense and growing concern
Fortunately for New Jersey, international migration of the foreign-born is countering the outflow of our domestic population. This trend, however, should not be taken for granted, as immigrants are now heading to other gateways. It is crucial for our economic competitiveness that New Jersey maintain its historic attractiveness for these international arrivals.
Firsthand experience
To say that this month’s cover story is near and dear to me is somewhat tongue-in-cheek, but it’s also true. After all, I did spend five years working on the vast stretch of sprawling, landscaped office parks that is Davidson Avenue in the Somerset section of Franklin Township, which plays a prominent role in our February issue. As many of you know, the area is part of a 500-acre corporate business district along Interstate 287 that, in recent years, has grappled with millions of square feet of outdated and mostly vacant office space. Township officials are now meeting that challenge head-on, thanks in large part to a zoning change in late 2020 that paved the way for developers to repurpose those sites as industrial space.
