Demand for industrial space is still robust in New Jersey despite concerns about the economy, as rents and occupancy grew in 2022 even amid a slowdown from prior years.
Demand for industrial space in New Jersey held strong in the second quarter, but market experts are warning against a potential pullback by tenants amid growing economic uncertainty.
A manufacturer has sold a nearly 28,000-square-foot light industrial building in Monroe Township for $3.8 million, under a deal arranged by NAI Fennelly.