More than ever before, the race for space is on for industrial tenants seeking a short drive to Manhattan and the rest of the nation’s biggest consumer market. It’s why the state is teeming with new development up and down the New Jersey Turnpike.
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.
