Industrial

HFF officials state that the six-property portfolio is 100% leased on a triple-net basis.

Ecommerce accounts for 39% of all lease transactions, and the Southwest Valley is getting a bulk of the leasing and new development activity.

Last year's Amazon Prime Day brought $2.4 billion in sales, a roughly 60% boost over the previous year.

The metro area provides access to both the Midwest and New York.

Industrial lease renewals dominated leasing activity in the second quarter as limited space has left few relocation options.

Jeffrey J. Milanaik of Bridge Development, NJ DEP Commissioner Catherine McCabe, and NAIOP NJ CEO Michael McGuinness were among speakers addressing the changes.

The new wave of retail, driven by e-commerce, requires just-in-time delivery and consumer demand inventory, which has businesses rethinking supply chains to accommodate these criteria.

The cargo volume increase was fueled by a 7.8% rise in loaded import containers, primarily carrying commodities such as furniture, appliances and beverages.