NAIOP’s long-awaited rebrand to the Commercial Real Estate Development Association is especially significant for a New Jersey chapter that is one of the organization’s oldest, giving it a rich history and a broad reach that its leaders hope will become even more expansive.
Going global: Inside the growth of Asian logistics firms in New Jersey’s industrial market
Asia-based third-party logistics firms have played an increasingly important role in New Jersey’s industrial sector, creating new demand and helping to fill excess inventory after a recent surge in speculative construction. How those firms will be impacted by outsized tariffs and the U.S. trade war with China remains to seen, but developers are optimistic about what is now an established class of tenants.