The northern New Jersey industrial market saw another quarter of rising vacancy despite strong demand, as new construction deliveries continued to outrun leasing volume.
Construction is set to begin on 500 new apartments that will mark another key piece of a plan to redevelop the long-vacant Burlington Center Mall property in Burlington Township.
Warehouse vacancy in New Jersey ticked upward to start the year, but remains tight by national standards, as the market continued its return to equilibrium after record demand.
A real estate firm has unveiled its plans for a three-building, 1.9 million-square-foot industrial park and 30 acres of retail space at the former site of the long-vacant Burlington Center Mall.
