3rd QUARTER 2018

Market fundamentals continued to trend positively for industrial real estate due to the continued demand for ecommerce and strong port activity. The vacancy rate decreased to 3.38% and the average asking base rent increased to $8.04 PSF NNN, which is up 11% year over year and up 44% compared to rental rates 5 years ago. Year to date, Northern and Central NJ had close to 12MSF of positive net absorption with Middlesex county outpacing the rest of the state with over 6MSF YTD.

2nd QUARTER 2018

Market fundamentals continued to trend positively, exceeding expectations. The vacancy rate dropped to 3.5% from last quarter’s 3.9% and the average asking base rent increased by 6% to $7.90 PSF NNN and by 11% year over year. Interchange 8A of the NJ Turnpike has consistently out performed the rest of the state with its over 1MSF absorption each quarter for the last several years due to the rapid growth of e-commerce and demand for big box distribution centers. Currently there are only two facilities available over half a million square feet and one is 18’ clear located in Wayne and the other is located at 8A.

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 …