C&W Says Property Sales Boom to Continue for New Jersey Industrial

Investors will keep pouring money into industrial space in New Jersey through 2018, according to the East Rutherford-based investment sales group for Cushman & Wakefield.

“Strong investor interest in new construction, vacant-forward sales, and institutional buying off of I-95 speaks to the depth of demand for all things industrial in New Jersey,” said Gary Gabriel for Cushman & Wakefield.

During 2017, the 16-member team orchestrated $1.1 billion in industrial transactions, entering 2018 with $927 million of additional sales under contract, including six million square feet of new development.

“Historic fundamentals are having a profound impact on the investment sales market. As a result, the price per square foot ceiling for industrial product (in the exit 8A submarket) has been shattered versus prior cycles,” said Kyle Schmidt for Cushman & Wakefield.

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