Industrial Real Estate NJ

The state of New Jersey has the largest concentration of warehouse and distribution space in the United States. In particular, the Central New Jersey industrial real estate market is known for its wealth of distribution facilities, thanks to a network of roads that converge near Exit 8A on the New Jersey Turnpike. Furthermore, both Elizabeth and Newark Ports, which contain the largest and most comprehensive collection of maritime cargo handling facilities on North America’s east coast, drive demand for the industrial real estate NJ has to offer. In fact, Northern and Central New Jersey alone offer more than 700 million square feet of industrial space. But how is the New Jersey industrial real estate market doing after the recession?

NJ Industrial Real Estate

The odds are certainly in favor of New Jersey’s industrial real estate market making a gradual improvement and come-back after the blows of the recession. In fact, many indicators show that the industrial sector is trending upward and may be turning a corner. While properties, such as BioTech space NJ and the lab space NJ offers are trending upward across the state, the most active industrial sector in the state is that of Central New Jersey. Currently ranked 15th in the United States for the amount of industrial space absorbed since 2010, there are several factors that can be attributed to this increase in market demand.

  • Many believe that e-commerce is a major driver, with companies looking to expand industrial warehouse and distribution space to accommodate the needs of customers who have grown to expect next-day delivery.
  • New Jersey’s mid-point location along the East Coast and optimum highway accessibility allows companies to meet the demands of their customers in record times and offers easy transportation routes for incoming and outgoing deliveries.
  • New Jersey’s highly educated workforce, diverse economy and a strong technology sector are also linked to growth in the industrial real estate NJ market.
  • Recent approval by the Port Authority of New York and New Jersey to spend more than $100 million toward the updating of the road network around Port Newark-Elizabeth will only further increase demand for industrial real estate in this area.

Whether you are thinking about moving your facilities to New Jersey and are looking for industrial space or have industrial space in the state that you’d like to sell or lease, you’ve come to the right place. The team at Tarvin Commercial has the knowledge, experience, and expertise needed to ensure the best interests of your company are promoted and protected throughout the transaction. Their industrial real estate transaction professionals offer a comprehensive range of services, including: facility, site and land acquisition and disposition, lease or sale negotiations based on market knowledge and current trends, and incentives negotiation.

These value added services are applicable to any of the diverse product types categorized as industrial buildings in the industrial real estate NJ market, from manufacturing plants and traditional warehouses to distribution facilities, research and development facilities, warehouse/showroom “flex” space, and high-tech laboratories among others.

You can also count on the team at Tarvin Commercial Real Estate to conduct all negotiations with full knowledge of local and regional data, trends and statistics. Their ability to incorporate key elements, such as negotiating government incentive programs, identifying construction cost reductions through value engineering, and creating exit strategy options when needed, allows their clients to recognize the full potential of their real estate assets.

The team of industrial and commercial real estate experts at Tarvin Commercial Real Estate invite you to browse their website to learn more about the industrial projects they currently have available, such as a 22,700-square foot space in Allendale or a 15,000-square foot space in Windsor, and welcome you to contact them with any questions you may have. They are always just a phone call away and look forward to speaking with you about the New Jersey industrial real estate market. Connect with them today to learn more about your varied and enticing options.

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Commercial Real Estate Buying Process: How to Get a Great Deal

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