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Strong Deal Velocity Fuels Drop in NJ Industrial Vacancy

EAST RUTHERFORD, NJ—Jones Lang LaSalle says industrial vacancy rates in New Jersey declined to 7.2 percent in the second quarter, mainly because of substantial leasing activity.

By Steve Lubetkin | Updated on August 06, 2015

EAST RUTHERFORD, NJ—Jones Lang LaSalle says industrial vacancy rates in New Jersey declined to 7.2 percent in the second quarter, mainly because of substantial leasing activity.

JLL says the market’s vacancy rate is expected to decrease noticeably during the next six months as leases involving large blocks of space take effect and new speculative deliveries remain limited.

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