Resource Realty Negotiates Sale of 53,252 SF Industrial Building in Rockaway, New Jersey
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
Editorial analysis · Real Estate Trail Editorial
ROCKAWAY, N.J. — Resource Realty of Northern New Jersey (RRNJ) has negotiated the sale of a 53,252-square-foot industrial building in Rockaway. The building at 36 Pine St. includes two tailboard exterior dock doors an…
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