Search
 

Cassidy Turley: Industrial Is Star Performer

SOMERSET, NJ-Cassidy Turley says there was more industrial property absorption in The Meadowlands in Q1 than in the rest of northern NJ combined, but the sector was also strong statewide.

By Antoinette Martin | Updated on April 19, 2013

SOMERSET, NJ-A new first-quarter market report, this one from Cassidy Turley, piles on the positive reviews the state’s industrial market has been getting lately, noting “stellar” leasing in The Meadowlands and a 5% drop in vacancy at Exit 12 of the New Jersey Turnpike. 

Gary Gabriel from Cushman & Wakefield may have been among the first to sound the mantra: “Industrial is the new multifamily” when he spoke of the sector’s burgeoning strength at a recent RealShare breakfast in Newark. There is a rising chorus from various analysts, however.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.