Demand for large blocks of space accelerates

• At the close of 2017, 12 separate 750,000-square-foot tenant requirements were active in New Jersey.
• Over the past two years, 21 leases in excess of 500,000 square feet closed.
• Traditional and e-commerce retailers remain the biggest contributors to big-box leasing activity.
• A lack of supply greater than 500,000 square feet, either existing or under construction, could curtail leasing velocity in the size segment.

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