New Jersey’s central location is proving to be an advantage when it comes to commercial rents. 
Part of the rise for the prime logistic rent rates is the result of the booming economy over the last 18 months, domestically as well as globally, and its dramatic impact on both domestic and international shipments of products.
According to the report, there is a greater demand for distribution of goods coming from both online and traditional retail stores.
Since New Jersey has numerous shopping malls, strip malls and retail shops, this is particularly good news.
These statistics point to a healthy barometer of the strength and momentum of the global markets and the demand across the country.
Other markets experiencing bumps in logistic rents were Oakland and Seattle.
These numbers, coupled with July’s employment report, indicate that, according to CBRE, the U.S. economy remains on solid footing.
Unfortunately New Jersey’s Toys R Us bankruptcy had an impact upon the total U.S. job gain, as well as New Jersey’s GDP.
Conversely, since the majority of New Jersey’s major employers are health care providers, that sector shows strong growth in jobs, wages, and employers.