Construction is underway on a project that will bring nearly 500,000 square feet of new industrial space to Jersey City, in a rare ground-up development in the submarket that will create the largest high-end logistics facility within five miles of the Lincoln and Holland tunnels.
Industrial owners pivot to new (and old) strategies amid challenges to development, capital stack
Industrial owners in New Jersey are adapting to a climate of caution in the capital markets, cooling demand from tenants and growing local resistance to large warehouse projects. Some see it as a chance to double down in a market that they feel is still fundamentally sound, despite a slowdown in big-box leasing, as others pivot to different, more conservative approaches.