The Advance Industrial Group at Bussel Realty Corp (BRC) proudly announces the successful closure of a major transaction with Acertus Transportation! This lease secures 121 1st Ave in Hamilton, NJ, 5-acre industrial outdoor storage (IOS) site.

Tenants are favoring newer and higher-tech facilities. Industrial vacancy has risen for six straight quarters to reach 6.1% in June and more space is soon to be delivered.

Another lease transaction closed! This time the Advance Industrial Group at Bussel Realty Corp (BRC) represented San Antonio Broker Services and successfully finalized the lease for a 3.38-acre industrial outdoor storage (IOS) site at 9101 Tonnelle Ave in North Bergen, NJ.

After a slight decline during the first three months of 2024, North and Central Jersey’s industrial sector was back in positive form during the second quarter with 5.9 million square feet leased – a 16% quarterly increase, according to commercial real estate firm CBRE’s New Jersey Industrial Figures report.

The Advance Industrial Group of Bussel Realty Corp. (BRC), a leading industrial real estate services firm in New Jersey, announced the successful leasing of two acres of industrial outdoor storage (IOS) at 80 Campus Drive in Kearny, New Jersey.

Large Tenants Seeking Warehouses for Sea Shipments Have Most Options in Decades. For most of the past decade, it has been challenging to find large blocks of industrial space available for lease near the largest U.S. seaports.

The Advance Industrial Team at Bussel Realty Corp (BRC) is excited to announce the successful completion of a significant transaction with Ranges Union City LLC!

The Advance Industrial Team of Bussel Realty Corp (BRC) celebrates the successful completion of a significant transaction at 79 Hartford Rd, Delran NJ and 7.6-acre industrial outdoor storage (IOS) space tailored for truck parking.

The inventory-to-sales ratio is about 3.0% below the 2019 pre-pandemic image. According to industrial CRE giant Prologis, its Industrial Business Indicator Activity Index showed an April level of activity “consistent with demand generation...

The Advance Industrial Team of Bussel Realty Corp. on Wednesday said it leased the entirety of 3220 Bordentown Ave. in Parlin, a 43,000-square-foot industrial building with nearly 7 acres of industrial outdoor storage, on behalf of E-Z Cargo.

The flood of new capital into industrial outdoor storage has retreated from the recent boom due to today’s cost of debt. But long-term buyers and specialized investors see the next year as one filled with buying opportunities, including in high-demand port regions and up-and-coming inland markets, for those with capital access.

The company is adding several smaller distribution centers to speed goods to contractors, project sites. Competition in the construction-supplies sector is turning into a delivery race.

The industrial real estate sector in New Jersey faces a significant challenge. Many new industrial spaces are slated for completion in 2024, just as tenant preferences shift because of concerns about a slowing economy that potentially complicates the market landscape.

Fallout from the National Association of Realtors' settlement of a $418M antitrust lawsuit earlier this month is set to profoundly shake up the residential real estate industry and how it does business.

Investors today are finding it difficult to resist the siren song of industrial outdoor storage, that alluring array of fenced-in parking lots for trucks. IOS has rapidly become one of commercial real estate’s hottest asset classes as a flood of new money has sent prices sky-high.

As the busiest port on the East Coast, the Port of New York and New Jersey (PNYNJ) exceeded pre-pandemic container volume levels, handling 7.8 million TEUs in 2023.

Lease rates jumped more than 20% to reach $9.72 per square foot last year, according to data from Colliers.

Changing eating habits, shifting grocer and restaurant needs, even the rise of a new class of diet pills — the stars are aligning for a once niche asset class. Forget labs or data centers.

After years of rapid growth, the industrial market became imbalanced last year, with new development far outpacing occupancy gains.

Large New Industrial Projects Nearing Completion Are Likely To Face Leasing Challenges This Year. Demand for industrial space in Northern Jersey sunk into unfamiliar territory last year as net absorption, or the change in occupied space, posted the first negative annual tally since 2012.