Colliers

Last-mile industrial logistics assets in the region are setting new records for industrial prices, and this has a lot to do with the overall industrial inventory of just above 1% vacancy, Colliers' Chuck Wilson tells GlobeSt.com.

Investor strategies continue to shift toward suburban and second-tier markets that provide higher yields, but there are still buyers—particularly from overseas—for trophy central-business-district assets, Colliers' Cynthia Foster tells GlobeSt.com.

“As ecommerce grows, occupiers continue to demand warehouse space in the last mile of their distribution chain,” says John Obeid of Colliers International. “Fundamentals in northern New Jersey continue to post record improvement, with average asking rent, availability rate and construction activity currently at historical levels.”

With competition increasing, companies need to benchmark themselves against their competitors and reduce real estate costs while increasing productivity. The result is a constantly evolving business workplace strategy.

Here is a roundup of the latest leases, sales and other transactions in the Northeast middle markets.

SAN DIEGO—With some 300,000 square feet of new buildings set to deliver all over San Diego County, absorption might be dampened, but overall the market is looking healthy, Colliers' Derek Applbaum tells GlobeSt.com.

SAN FRANCISCO— As the online segment continues to grow, brick-and-mortar stores who are succeeding today are shifting their focus to make the transition between online and offline shopping convenient.

LITTLE FALLS, NJ—Additional building-wide improvements included the renovation of the property's three-story atrium lobby and common areas and the replacement outdated green marble and brass railings.