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- Northern and Central New Jersey have seen industrial asking rent growth of 11.5 percent year-over-year.
- The Exit 10 submarket increased 17.8 percent year-over-year, driven by an increase of Class A space with asking rents as high as $9.25 per square foot.
- A supply/demand imbalance in the Meadowlands, allowed landlords to price aggressively—averaging $8.95 per square foot in the third quarter.
- Rents throughout Exit 8A and the Port are expected to follow a similar trajectory in 2018 due to an uptick in development.
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