2A — August 2023 — M id A tlantic Real Estate Journal
www.marej.com
M id A tlantic Real Estate Journal
M id A tlantic R eal E state J ournal Publisher, Conference Producer ..............Linda Christman AVP, Conference Producer ...........................Lea Christman Editor/Graphic Artist ......................................Karen Vachon Contributing Columnists ......................Howard Applebaum
Mid Atlantic R eal E state J ournal ~ Published Monthly Periodicals postage paid at Hingham, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal 117 HMS Halsted Dr., Hingham, MA 02043 USPS #22-358 | Vol. 35, Issue 8
Howard Applebaum
Major Reasons For NJ’s Industrial CRE Market & Pricing Growth he industrial real es- tate market in New Jersey has experienced remarkable growth over the past decade, fueled by the strong demand from e-com- merce retailers and increased container traffic into nearby ports. This growth has re- sulted in a 300% surge in the average sales price psf for in- dustrial properties. However, limited supply and antiware- house development in some municipalities have created a highly competitive market for investors. In this article, we will explore the key factors driving this growth, analyze market trends, and provide investment considerations for those looking to enter this thriving market. 1. Strong Demand and Limited Supply: The rise of e-commerce has revolutionized the retail industry, leading to an exponential demand for industrial space in New continued on page 24A T
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