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Industrial Construction Hits Record Numbers

SECAUCUS, NJ-Vacancy rates are declining in New Jersey, on the eve of the RealShare Industrial East conference. A flood of new construction on the market is still not slowing down demand.

By Sean Ryan | Updated on June 05, 2006

Sean Ryan is associate editor of Real Estate New Jersey .

(To read more on the industrial market, click here.)

SECAUCUS, NJ-The availability of industrial real estate in New Jersey has whittled away to 8.6%, down from 9.3% just three months ago, according to the most recent data from Grubb & Ellis’s Industrial Market Trends report for the first quarter of 2006. This surge of more than 4.2 million sf of occupancy occurred even with record numbers of new construction hitting the market in New Jersey’s various submarkets.

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