1st QUARTER 2018

Market fundamentals continue to improve due to overwhelming demand for space, demographics, strong leasing velocity and historic vacancy rate lows. Total positive absorption for the first quarter was 3MSF (over 1MSF additional space absorbed year after year). Vacancy continued its downward trend to 3.9% and rental rates increased $0.15 or 2% in the first quarter (9% year over year, a 37% increased in less than five years).

4th QUARTER 2017

Industrial Trends The end of year shaped up to be optimistic with GDP close to 3%, construction spending up, employment growth solid, and consumer confidence healthy. The average leasing rate …

2nd QUARTER 2017

Industrial Trends The NJ industrial market fundamentals remained strong as demand continues to outpace construction deliveries. The amount of SF Under Construction has exceeded 10MSF, rental rates are at an …

1st QUARTER 2017

Industrial Trends The NJ industrial market fundamentals remained strong as demand outpaced construction deliveries and its availabilities reducing its vacancy rate to a historic low of 4.6% which is lower …

4th QUARTER 2016

Economy The US economy grew at a modest pace of 1.9% according to the Bureau of Economic Analysis. It reflected an increase in consumer spending, investment and local/state spending. For …

3rd QUARTER 2016

Economy Despite global economic, political and financial uncertainty, unemployment has remained buoyed hovering around the 5% mark. Trade, Transportation, Utilities and Construction employment grew, contributing to healthy consumer spending and …

3rd QUARTER 2015

Economy July: According to the Labor Department, the US labor markets continued its long march back from the recession with steady job–215,000. On average, employers have now added 235,000 jobs …

2nd QUARTER 2015

Economy Unemployment, as of June, decreased to 6.1% in NJ (5.3% nationwide) which is the lowest unemployment has been since ‘08. According to the Bureau of Labor Statistics, approximately 223,000 …