Brian DiPinto – Exit 8A –As we get further into 2020 the outlook for the New York and New Jersey industrial markets continues to look strong. In the 8A market the inventory of just about any size of industrial space is minimal at best. With the continued rise of rent and the port continuing to grow more and more distribution is moving south to get some relief of the double digit net rental rates above exit 10. Many shipping companies are predicting higher volumes for the NY, & NJ Ports due to the proximity to the users and buyers of the imported goods and the new large vessels make this a more cost efficient to bring all water goods here vs. overland transport. I expect the 8A market to be a strong market for the balance of 2020 and even further into the future.
Brian DiPinto – Exit 8A 2020 Predictions
