The New Jersey industrial market continues to see an increase in smaller sized leases

  • So far in 2024, 93% of industrial leases signed have been for square footage less than 50,000 sf.


  • 2022 to 2023 saw a 2% increase in smaller leases, 50,000 sf or less, year-over-year.


  • Small to mid-size companies continue to opt for smaller leases in order to mitigate operational expenses.

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US-NJ-NJ New Jersey