Industrial vacancy in northern New Jersey rose again in the fourth quarter, as new construction continues to weigh on the market alongside growing sublease space and other factors.
The northern New Jersey industrial market saw another quarter of rising vacancy despite strong demand, as new construction deliveries continued to outrun leasing volume.
A developer is set to complete a project that will bring more than 600,000 square feet of new high-end logistics space to Burlington County, according to a leasing team with JLL.
The owner of a medical office and retail complex in Burlington County has refinanced for $5.6 million, in one of several newly announced transactions by Black Bear Capital Partners.
