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Warehouse and industrial spaces make up approximately 36% of search activity, underscoring the region’s crucial role in regional logistics and last-mile delivery. Among industrial space seekers, 42% prefer lease terms of three years or less, while 30.3% are looking at three-to-five-year arrangements. Only 20.1% express interest in five-year-plus commitments.
This distribution reveals a need for flexibility among logistics firms and distributors, particularly those navigating changing e-commerce dynamics. Yet, the demand for mid-length leases also suggests that firms are locking in operations in strategic submarkets such as Edison and Linden, which offer highway and port proximity. Industrial growth here continues to benefit from infrastructure and supply chain realignment trends.
TenantBase is a technology platform built specifically for tenants. We make the process to find and lease space easier by combining our unique technology with experienced local commercial real estate brokers.
| Neighborhood | Average Available SQFT | Average Rate / SQFT PER Month | NUMBER OF AVAILABLE SUITES |
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