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Trend Watch Dec. 11: Strong pre-leasing drives construction across the industrial sector
Pre-leasing rates of 89.3 percent on 2017 deliveries prompt developers to put shovels in the ground at record levels. 2 million square feet forecast for delivery in 2018 surpasses anything seen this cycle.
Trend Watch Dec. 4: New office buildings boast 12% vacancy rate
The year of construction for buildings has significant impact on reported vacancy rate. Buildings completed since 2010 maintained the lowest vacancy rates, as office occupiers prefer new product. Demand for new construction will drive the demolition/rehabilitation of older, vacant office buildings, especially in strategically located markets lacking sites for new construction.
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.
Trend Watch Nov. 20: Uptick for Class A office sublease space
[vc_row][vc_column][vc_text_separator title="Sponsored Content" color="mulled_wine"] Uptick for Class A office sublease space Consolidations and relocations released a steady supply of sublease space onto the Class A office market during the past year. 9 million...
Trend Watch Nov. 6: E-commerce drives surge in distribution-related job posts and wages
The proliferation of e-commerce and its labor-intensive fulfillment centers contributed to a 97.0 percent compounded annual growth rate in the number of job postings for distribution-related jobs since 2011.
