The Trenton, New Jersey, metropolitan area posted an average vacancy rate of 4.2% between 2021 and 2023, as newly completed logistics space was easily filled amid the pandemic. Lately, a significant supply-demand imbalance has pushed the measure to 7.7% as of July, the highest reading since the second quarter of 2017.
Industrial Vacancy Rate Hits Highest Level Since 2017 in New Jersey Capital
Owners Struggle To Navigate Negative Space Demand, Influx of New Supply
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