ELIZABETH, NJ—The velocity of change in the distribution and logistics sector is driving rapid technological change in transportation infrastructure, say panelists at NAIOP New Jersey's Transportation and Logistics Update, held at the New York Shipping Association here.
Heated demand for industrial space means that the 800 million square feet of industrial space in the northern New Jersey market are being stretched thin, according to Anne Strauss-Weider, director of freight planning for the North Jersey Transportation Planning Association, who moderated a panel of experts.
“What I'm hearing is that signing lease rates are actually above asking lease rates,” she says. “There is a near zero percent availability, not only here in New Jersey but also out to the Lehigh Valley. It is a hopping market.”
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
