Third-party logistics firms are leading the way among tenants seeking big-box industrial space, accounting for more leasing activity than any other occupier type in New Jersey and nationally.
A logistics firm has leased 611,000 square feet at a soon-to-be-updated industrial building in South Brunswick, in a newly announced deal by Lee & Associates New Jersey.
Home Depot has leased nearly 1.3 million square feet of newly built industrial space in Monroe, in a sign of continued market demand despite a shrinking appetite by e-commerce users.
