The Port of New York and New Jersey saw record container volume in 2022, making it the second-busiest U.S. shipping hub and signaling continued demand for area warehouse space.
Lincoln Equities Group has unveiled plans to build “next-generation” industrial space on the Bayonne waterfront — with ceiling heights of up to 50 feet — as part of a newly announced, 1.6 million-square-foot redevelopment at a former military base in the city.
The swell of cargo volume at the Port of New York and New Jersey has fueled the Garden State’s lowest industrial vacancy in more than 15 years, according to Transwestern, as rents continue to rise and leasing activity continues at a torrid pace.
