As state officials look to tackle rising energy costs, a program that has brought rooftop solar panels to dozens of New Jersey warehouses has taken on added importance as a means of easing that burden without many of the risks and hurdles of major infrastructure projects.
Industrial owners pivot to new (and old) strategies amid challenges to development, capital stack
Industrial owners in New Jersey are adapting to a climate of caution in the capital markets, cooling demand from tenants and growing local resistance to large warehouse projects. Some see it as a chance to double down in a market that they feel is still fundamentally sound, despite a slowdown in big-box leasing, as others pivot to different, more conservative approaches.