US EditionN.J. industrial sector picked up in Q2 and first half, says JLL
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N.J. industrial sector picked up in Q2 and first half, says JLL
A resurgence in large-scale industrial transactions drove second-quarter leasing to 10.6 million square feet, with five new Class A deals in the more-than 400,000-square-foot size segment, according to data from JLL. Port South/Exit 12 and Burlington County continued to be a hotbed for leasing activity. Vacancy saw a minor increase of 20 basis points, while overall construction activity slowed resulting in just 9.6 million square feet under con…
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