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RealShare New Jersey: Industrial Market Tightens, Tenant Concessions Vanishing

NEW BRUNSWICK— Scarcity in virtually all industrial property classes is making tenant concessions shrink and pricing rise, said members of the Industrial Leaders panel at RealShare New Jersey last week.

By Steve Lubetkin | Updated on September 15, 2014

NEW BRUNSWICK— Scarcity in virtually all industrial property classes is making tenant concessions shrink and pricing rise, said members of the Industrial Leaders panel at RealShare New Jersey last week.

“There is a tremendous push for office property classes which has led to lower vacancy rates across markets,” says Jordan Metz, vice president of Bussel Realty Corp. “2013 was a banner year. Everyone was riding the train and anticipated that it would continue.”

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