CBRE: New Jersey workforce grows amid rising industrial, logistics demand

New Jersey’s transportation and warehousing workforce is on the rise, putting the state in position to remain attractive to the ever-growing e-commerce and logistics sectors.

Logistics, workforce could help Jersey weather next downturn

With the incredible growth of this sector in recent years, could logistics help make New Jersey cliff-proof? I think so, but only if we take steps to address serious workforce challenges, especially those related to affordability and accessible transportation. With the increasing likelihood of a recession in 2020, we need to act now. The importance of the port region to New Jersey’s economy cannot be overstated, and continued investment is critical. We also need to solve the “last mile” conundrum that presents transportation and lifestyle challenges.

Amazon, retailers fuel Q4 industrial gains in N.J.

Retailers accounted for more than a third of all industrial gains in northern and central New Jersey at the end of 2017, according to JLL, fueling what amounted to the second-highest net absorption total of any year since the recession ended.

CBRE: Tenant renewals bring ‘sticker shock’ in red-hot N.J. industrial market

Landlords in New Jersey’s industrial market are naming their price when it comes time for tenant renewals, as availability remains at low levels not seen in more than a decade.

Amid supply constraints, developers look down the Turnpike for new opportunities

It was New Jersey’s largest industrial lease of the fourth quarter — and it was a fitting end to the year for a market that has been fueled by e-commerce tenants and big box construction. But the commitment by Modway Furniture was every bit as notable for its location as it was for its size.

Transwestern: Rents soaring in Turnpike submarkets

Research by the firm has found that rents for warehouse and distribution space, particularly along the New Jersey Turnpike, are shattering the asking prices of landlords, as the competition among tenants becomes especially fierce.