Spec Projects Drive NJ Industrial Building Boom, CBRE Says

Law360, New York (February 20, 2013, 6:21 PM EST) -- Construction activity in New Jersey's industrial real estate sector is up more than 360 percent over the same period last year, thanks in part to a boom in speculative building as demand grows but inventory remains low, according to a report released Tuesday by CBRE Inc.

With four significant on-spec projects totaling 1.9 million square feet under construction, developers are anticipating a growth in demand for industrial space and building more than they have in years in cities near the Port of Newark Container Terminal....
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