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....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.