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New Jersey Industrial Activity Strong, For Now

SADDLE BROOK, NJ-Growth is continuing, but at a slower pace, according to CBRE's Third Quarter 2011 New Jersey Industrial MarketView Report.

By Debra Hazel | Updated on November 14, 2011

SADDLE BROOK, NJ-As Europe goes, so goes New Jersey? Not quite, but the debt crisis across the Atlantic is one of a number of factors that slowed the recovery of New Jersey’s industrial market in the third quarter, says CBRE‘s Third Quarter 2011 New Jersey Industrial MarketView Report.

Continuing high unemployment and slow national growth also contributed to slowing of market momentum, says James B. Tully, CBRE executive vice president. But the key is that the market is still better than 2010, he tells GlobeSt.com. “If you go year-to-year, the fundamentals continue to improve,” Tully says. “In the third quarter, we kind of hit a speed bump.”

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