(To read more on the industrial market, click here.)
SECAUCUS, NJ-New construction is booming in the industrial marketplace yet vacancy rates continue to go down. According to Cushman & Wakefield, more than 28.4 million sf of industrial product was completed over the last three months alone. Approximately 70% of the development was speculative, which indicates confidence on the part of developers that demand is strong, officials say.
Industrial players from across the East Coast will discuss that demand during the second annual RealShare Industrial East conference, Wednesday and Thursday June 7 and 8. The Crowne Plaza Meadowlands will again host the event. Around 300 industrial owners, brokers, logistics and supply chain professionals, port and rail officials, and users are expected to attend for this second year.
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