NJ Industrial On Fire

From ROI-NJ:

C&W report: Industrial market records highest level of leasing in 2 years

Cushman & Wakefield recently released its fourth-quarter 2023 industrial and office statistics for northern and central New Jersey, showing New Jersey’s industrial market recorded its highest level of quarterly new leasing activity in two years and, while demand for highly amenitized, Class A office properties has sustained, overall office leasing has continued to slow.

“New Jersey exhibited sustained demand in the industrial sector in the fourth quarter, marking the highest level of quarterly new leasing activity in two years, with central New Jersey capturing most of the demand,” John Obeid, senior research manager for the New Jersey region, said. “With heightened new leasing activity, we also saw a surge in lease renewals, with the year’s total renewal activity standing as the second-highest in the last decade. Class A warehouse space remained resilient, sustaining positive net absorption for the 34th consecutive quarter.”

New Jersey’s industrial market recorded its highest level of quarterly new leasing activity in two years, with 6.4 million square feet leased during the fourth quarter, up from the two-year quarterly average of 5.3 million square feet. Central New Jersey continued to capture most of the demand in the state, commanding a substantial 68.2% share of the total leasing activity throughout 2023. Leasing activity in central New Jersey reached 14.7 million square feet, marking a 20.9% increase compared to the previous year.

This entry was posted in Economics, Employment, New Development, New Jersey Real Estate. Bookmark the permalink.

47 Responses to NJ Industrial On Fire

  1. Hold my beer says:

    First

  2. grim says:

    Awesome, flying on a 737 Max 9 on Monday.

  3. Very Stable Genius says:

    Corporations exist to pay hundreds of million of dollars in compensation to CEO.

    Otherwise they wouldn’t be incentivized to work hard. They should not be taxed either because we are lucky to have them

    Phoenix says:
    January 6, 2024 at 1:20 am
    America does it again. Airbus crashes, everyone on board survives what should be a deadly crash.
    Boeing has a plane it delivered two months ago and the side of it just blows apart.

    No attention to detail, no quality control, just cost cutting and lives to be lost in America.

    Getting worse by the minute.

  4. Phoenix says:

    Got a friend, fridge went out. Explained to him how to change a defrost timer over the phone. 35 dollar part.

    Works great. Sure the fridge looks like it’s from the 70’s, and it is, but it will now outlast him.

    That new one-you best get an extended warranty on it. I don’t know if any of you watched two minutes of the Ford F150 6000 dollar tail light replacement.

    Reliability in anything is key. Your wife, your car, your boss, your workers.

    If it ain’t reliable, put on your best boots and kick it harder than a field goal kicker would during the Super bowl. Personally nothing I can’t stand more than something that is unreliable or untrustworthy. Intermittent is annoying.

  5. Bob says:

    On the topic of inflation from yesterday – People always cite energy inputs in food costs, but how the hell are bananas so cheap?

    Planting, watering, harvesting, packaging, shipping, stocking to no end, and they aren’t even shelf stable. But they still cost next to nothing.

    What are the “extra” inputs to, for example, a box of cereal, that has resulted in sticky price increases and shrinkflation?

    Has anyone noticed a box of Triscuits can almost fit in the palm of your hand these days?

  6. Hold my beer says:

    Don’t pick the emergency exit row

  7. Phoenix says:

    “Giuffre has called Maxwell “the mastermind” behind the sex trafficking ring.”

    True statement.

    Women are good, men are bad. Of course these girls would trust a woman. It’s why Alexa and Siri are women’s voices.

    Give Siri the voice of Walter Cronkite, maybe she won’t be as useless as she currently is.

  8. Phoenix says:

    Hold my beer says:
    January 6, 2024 at 11:00 am
    Don’t pick the emergency exit row

    You wouldn’t have noticed. There was no visible door there. It looked like a regular row.

    The opening behind the fake interior panel was for a different configuration as these planes are sold differently to different airlines. So no door was visible on the inside, and no passenger touched it.

    Just pure American quality work with outsourced engineering and profiting CEO’s and Shareholders.

    Had that thing blown at cruising altitude that kid would have had one hell of an amusement park ride.

  9. Phoenix says:

    Ghislane to her potential workers:

    It’s just sucking a D. These are expensive ones. Make way more than going to college. These guys are connected.

    If you are gonna do Billy the high school quarterback for free anyway why not make some money?

    Oh, put on these Lululemon stretchies. They like them.

  10. Phoenix says:

    Just think how many of your middle and high schools could have been upgraded with this money, your kids doing better, all without having to increase your taxes one red cent.
    Or that f’n pothole road that took out the rim on your Tesla. Or an upgraded park for your children.

    You chose.

    Ukraine’s top commander, said on social media after Tuesday’s attack. “Therefore, we need more systems and munitions for them.”

    But White House and Pentagon officials have warned that the United States will soon be unable to keep Ukraine’s Patriot batteries supplied with interceptor missiles, which can cost $2 million to $4 million apiece.

  11. Fast Eddie says:

    “New Jersey exhibited sustained demand in the industrial sector in the fourth quarter, marking the highest level of quarterly new leasing activity in two years, with central New Jersey capturing most of the demand…

    Storage? Distribution? I’d like to see more specifics.

  12. Hughesrep says:

    Insane Clown Posse, or a presidential contender:

    Magnets, How do they Work?

  13. Phoenix says:

    It might be your car, you may have paid for it, it might be on your property, but if someone comes to take it from you don’t be surprised if your taxes pay the 23 year old cop and his defense when he fills you full of lead in a matter of seconds. (First video)

    I’ll bet he is really happy with the justice he is getting from six feet under.

    I guess on his tombstone he can have this slogan engraved. “It was my truck, why did the police kill me? I thought they were here to serve and protect me. But here I lie, not resting in peace at all.”

    https://www.waff.com/2023/10/05/several-shots-heard-newly-obtained-footage-decatur-officer-involved-shooting/

    https://www.waff.com/2024/01/05/decatur-officer-charged-with-murder-connection-steve-perkins-case/

  14. Phoenix says:

    She seems trustworthy:

    A former model who worked as a pilot for sex predator Jeffrey Epstein pleaded the fifth at least 42 times during a deposition, including when asked questions about former president Bill Clinton and other of Epstein’s associates.

    Nadia Marcinkova invoked her Fifth Amendment right against self-incrimination in response to every question that appears in the partial transcript of the April 13, 2010 deposition, which was unsealed on Friday.

    Those questions included ‘Do you know Bill Clinton?’ and ‘Have you witnessed improper sexual activity between Jeffrey Epstein and minors, while he was in the presence of Bill Clinton?’

    Marcinkova, a long-term assistant of Epstein and regular pilot of his so-called ‘Lolita Express’ private jet, has been accused in court filings of taking part in the convicted sex offender’s abuse of underage girls.

    Her lawyers insist she was a victim, and not an abuser or a recruiter in the financier’s sex trafficking network, and she has not been charged with wrongdoing.

  15. No One says:

    If you think the cost of military equipment is bad, think of how bad life would be if China and Russia were the global hegemons, given their disdain for individual rights.
    Go back in time with that attitude and we would all be living under the third Reich.

  16. No One says:

    I’m scheduled to fly into Newark Sunday around 8pm on a Max 8.
    Lots of ways for that to get messed up. I hope I can get through my driveway.

  17. BRT says:

    @BillAckman
    A few questions:

    How can one defend oneself against an accusation of plagiarizing Wikipedia for a dissertation written 15 years ago in 2009?

    Isn’t the whole point of Wikipedia that it is a dynamic source of info that changes minute by minute based on edits and contributions from around the globe?

    Has anyone (other than my wife) ever been accused of plagiarism based on using Wikipedia for a definition of a word?

    Is Wikipedia copyrighted? If so which version? The most recent one? The previous version?

    Is it plagiarism when you use an online dictionary for a definition of a word or term?

    How can one defend oneself when one learns about a 12-page plagiarism accusation at 540pm on Friday night when one celebrates Shabbat and you are told the article would be published shortly, in this case at 7:10pm?

    lol, Bill Ackman asking simple questions a high schooler can answer.

  18. KeepsEyesOut ForRocketPoweredBooerangKarma says:

    BRT,

    Is not what you think. Is about a Rocket Powered Boomerang Karma.

    Ackman was making a fuss about Harvard’s now resign president Gay response to the Israel mess and her plagarism. But it turns out his wife did it too. So he’s looking for an excuse, to make it seen better. Think “there was no January 6th insurrection” and how do you define or interpret the definition of insurrection.

    https://www.cnn.com/2024/01/04/business/bill-ackman-wife-plagiarism/index.html

  19. KeepEyesOut ForRocketPoweredBoomerangKarmaEvents says:

    Bob,

    For cheap banana’s answer look up Chiquita Brands in wikipedia. You’ll see their history and their tactics going back to the United Food Co. Their behavior in the past has led surely led to the “rocket powered boomerang karma event” of all those illegals at the border.

    For your Triscuits. Look up Nabisco and Mondelez and their mergers and acquisitions financed with cheap low interests rate that the Fed created. However, they are still debt that have to be paid off, so yeah. That debt is part of the cost of those Triscuits.

    Think of an invisible wrapping that adds, let’s say 99 cents to each box you buy that is the Vig for the finance industry.

  20. Very Stable Genius says:

    January 6 was one of our darkest moments.

    3 years after this failed coup d’etat to prevent the peaceful transfer of power, we can’t take our democracy for granted.

  21. Very Stable Genius says:

    BREAKING NEWS!

    Federal regulators ordered U.S. airlines to temporarily stop using some Boeing 737 Max 9 planes after a piece of one of the jets blew out midflight.

    Saturday, January 6, 2024 1:41 PM ET

  22. Very Stable Genius says:

    “On the anniversary of January 6, I will say what Donald Trump won’t.

    Political violence is never EVER acceptable in the United States.”

    President Joe Biden.

  23. Juice Box says:

    That new 737 Max Humm the plug where a door would be in a larger seating configuration over popped off the plane like a cork. The news makes it sound like a hole was ripped into the fuselage.

    Nice fit and finish too, looks like they took it to a cheap autobody shop in Newark.

    https://th.bing.com/th?id=OIF.B4vgp%2fJnfbvEkHwu8f70Yg&rs=1&pid=ImgDetMain

  24. SmallGovConservative says:

    Very Stable Genius says:
    January 6, 2024 at 2:21 pm
    “Political violence is never EVER acceptable in the United States.” SlowJoe Biden.

    Joe is lying. He and the other Dems were more than happy with the political violence of 2020, including the siege of the federal courthouse in Portland. And remember this doozy from Dem Baltimore Mayor Stephanie Rawlings-Blake in 2015, “…we also gave those who wished to destroy space to do that as well”. So yeah, Dems are absolutely fine with political violence by their constituents.

  25. Libturd says:

    Was it Biden supporters in Portland? Cause it was certainly Trump disciples in DC who took over the Capital Building. Well, I can’t speak for the guy with the horns.

  26. SmallGovConservative says:

    No One says:
    January 6, 2024 at 12:47 pm
    “…think of how bad life would be if China and Russia were the global hegemons, given their disdain for individual rights.”

    This certainly would’ve been a valid statement prior to the score settling unleashed by Oblama and carried forward by the modern Dem party. But really, is Vlad and his puppets on the Russia election commission determining who qualifies to run against him for president any different than the Maine sec of state and Colorado supreme court deciding who can and cannot run for president here? Nope!

  27. Phoenix says:

    But it turns out his wife did it too.

    Gee, and all along I thought she was a saint.

  28. SmallGovConservative says:

    Very Stable Genius says:
    January 6, 2024 at 2:18 pm
    “Federal regulators ordered U.S. airlines to temporarily stop using some Boeing 737 Max 9 planes after a piece of one of the jets blew out midflight.”

    I’m not sure why. As we know, it shouldn’t matter that a plane works properly or is safe, only that the work force that slapped it together was diverse and inclusive. By the way, it really shouldn’t be a surprise that in the era of DEI that Boeing can no longer build a sound airplane, Disney can no longer make a good movie, etc, etc…

    Want to hear something even scarier than the Boeing incident, listen to the recording of the incompetent air traffic controller at Austin Intl Airport who tried to land a Fedex 767 on top of a Southwest 737 earlier this year. Bottom line, get used to things failing.

  29. BRT says:

    Ackman is clearly a moron. But what I find funny is he’s asking such elementary questions about wikipedia. How incompetent can a person be? All of these people who plagiarize, they deserve to be tar and feathered. These were the same kids that cheated in high school and college. They probably cheat in all facets of life and a functioning society needs to purge them of their influence.

  30. Juice Box says:

    Dems cancelled Covid lockdown to protest and well we all know about the violence that happened.

  31. Phoenix says:

    No One says:
    January 6, 2024 at 12:47 pm
    If you think the cost of military equipment is bad, think of how bad life would be if China and Russia were the global hegemons, given their disdain for individual rights.

    Strawman argument:

    I never said money shouldn’t be spent to protect America. But America wasn’t getting hurt if Russia took over Ukraine.

    And the false analogy “If Russia takes Ukraine, it will take all of Europe” is just that, a false analogy. I can shovel one neighbor’s driveway without doing the whole street.

    It’s A Hole logic and fear mongering bullstei thought process is what it is.

  32. Phoenix says:

    80 percent of Boomers would fall into this category. Just like cops who were banging teenage girls that were caught drunk driving.

    Technology is what has caught one, and is discouraging the other. Just look how many female teachers are getting caught hooking up with middle schoolers thanks to technology.

    How many didn’t get caught in the past that are collecting a pension right now instead of doing prison time?

    All of these people who plagiarize, they deserve to be tar and feathered. These were the same kids that cheated in high school and college. They probably cheat in all facets of life and a functioning society needs to purge them of their influence.

  33. Phoenix says:

    Want to hear something even scarier than the Boeing incident, listen to the recording of the incompetent air traffic controller at Austin Intl Airport who tried to land a Fedex 767 on top of a Southwest 737 earlier this year. Bottom line, get used to things failing.

    Well, you can thank Ronnie Reagan for that one, made that ATC job, that was already shii te, even worse. No pension. So what do you do after you are forced into retirement at age 56 and the only job you know is to send little green dots from one area to another? You are so specialized and now you are unemployed.

    Not many careers are forced ending at 56, look at Crypt Keeper Biden, Pelosi, McConnell, or Ruth Bader Ginsberg. No one ever forced them out, and they had the best government bennies they could extract from my paycheck.

  34. Libturd says:

    “All of these people who plagiarize, they deserve to be tar and feathered.”

    Like the former first lady?

  35. BRT says:

    The whole “Russia will take all of Europe” crowd is the same one that has been trying to convince you that Ukraine is winning every battle. Their viewpoints are diametrically opposed and they invoke either argument when convenient. The reality is, Russia isn’t invading Europe and Ukraine has a zero percent chance of winning.

  36. Hold my beer says:

    You can read poor Charlie’s almanac for free at the publishers website

    https://www.stripe.press/poor-charlies-almanack

  37. Phoenix says:

    Another American icon getting put out to pasture. Replaced by lower middle class women picking groceries for lazy upper middle class women who just happened to hook up with the more “upscale” men.

    Those women working at the grocery stores look so pathetic filling those reusable bags with food for women that have the lives they dreamed about. Instead they get to do the chores the upper class women don’t have to do, only to get dinged on the app when there is one bruise on one apple they picked and bagged.

    New Jersey’s last-standing Sears store, located in Jersey City, appears to be closing.

    The store at Newport Centre announced a store closing sale on Friday evening, Jan. 5 on Facebook.

  38. OC1 says:

    “The whole “Russia will take all of Europe” crowd is the same one that has been trying to convince you that Ukraine is winning every battle. Their viewpoints are diametrically opposed and they invoke either argument when convenient. The reality is, Russia isn’t invading Europe and Ukraine has a zero percent chance of winning.”

    Yeah, what’s the chance that some dictator in Europe will invade one of his neighbors, and then, when he finds he can get away with it, decides to push his luck even further and start a continent wide war that eventually forces direct US involvement?

    I mean, it’s not like that’s ever happened!

  39. Juice Box says:

    Fun evening power went out while I was cooking……Fortunately it came back. Rain is heavy..

    https://www.accuweather.com/en/us/new-jersey/weather-radar

  40. Juice Box says:

    Grim no worries planes are now all grounded. May your flight be cancelled…

  41. NATO says:

    Any differences between now and then?

    OC1 says:
    January 6, 2024 at 5:21 pm
    “The whole “Russia will take all of Europe” crowd is the same one that has been trying to convince you that Ukraine is winning every battle. Their viewpoints are diametrically opposed and they invoke either argument when convenient. The reality is, Russia isn’t invading Europe and Ukraine has a zero percent chance of winning.”

    Yeah, what’s the chance that some dictator in Europe will invade one of his neighbors, and then, when he finds he can get away with it, decides to push his luck even further and start a continent wide war that eventually forces direct US involvement?

    I mean, it’s not like that’s ever happened!

  42. OC1 says:

    “Any differences between now and then?”

    Sure. But one thing that never changes is human stupidity- especially the stupidity of expansionist dictators surrounded by lackeys and yes men.

    There was once this dictator in a Europe who decided to go to war against Poland, France, Great Britain, Norway, the Netherlands, Belgium…

    Then for the hell of it, he decided to invade Russia too.

    And then, just for grins, he decided to declare war on the US too!

  43. BRT says:

    It’s also not like WW1 was preceded by nations forming alliances in preparation for a war. Perhaps we shouldn’t be trying to expand NATO.

  44. Hold my beer says:

    Tested negative. No brain fog. Just a mildly stuffy nose.

  45. 3b says:

    Oc1 Empires are expensive to maintain. Doubtful, to say the least that Putin ultimately wants to conquer Europe.

  46. leftwing says:

    “NATO says: Any differences between now and then?”

    Best response yet to liberal straw man arguments…saw some high level Admin official on one of the talk shows last Sunday morning trying to make the Ukraine-Poland-US at war argument.

    Truly tortured logic. Guy sounded like a fool answering questions. From a friendly host.

    The ‘transitive theory’ of international relations, lol.

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