Demand-Build-Repeat Cycle Characterizes Southern New Jersey Industrial Market
By Scott Mertz, SIOR, president, NAI MertzThe industrial sector has proven to be the only entity with innate immunity to the coronavirus.The onset of the virus has had nary an impact on the soaring demand, rising lease rates and rapid pace of new construction in the major industrial markets throughout the nation. If anything, the increased reliance on home delivery due to stay-at-home orders has only elevated the need for well-located warehouse space from e-commerce …