Figures

Northern and Central New Jersey Industrial Figures Q1 2025

April 2, 2025 5 Minute Read

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After a vibrant end to 2024, demand in the Northern and Central industrial leasing markets retreated in Q1 2025 with unleased construction completions and occupier right-sizing. These challenges are familiar, having started after the Federal Reserve started raising its target interest rate in mid-2022. But landlords have proven that through flexibility and increased concessions, dealmaking is possible in a market with rising vacancy.