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JLL: E-commerce impacts New Jersey labor costs
With e-commerce fulfillment increasingly becoming one of the strongest drivers of industrial real estate, the need for warehouse labor has also increased dramatically. This trend, combined with a decreasing unemployment rate, has forced up labor costs for many e-commerce operations.
REAL ESTATE FORECAST: Top 2017 trends to look for in New Jersey
New Jersey’s real estate market remained fundamentally strong at year-end 2016 and appears poised to retain its vitality in the coming year. Urban and suburban transit hub markets should remain a bright spot within the state’s slowing office market in 2017, while New Jersey’s industrial sector is in the midst of the greatest burst of construction since 2014. A significant influx of national retailers to transit-oriented locations, traditional downtowns and even college campuses has positively impacted the state’s retail market.
