Resource Realty Negotiates Warehouse Lease for Amazing Savings
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.
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On the RET wire
- Disclosed industrial deal value tracked in July 2026: $7.4B across 43 reported transactions. All Industrial coverage →
Computed from Real Estate Trail’s own tracked coverage
Resource Realty of Northern New Jersey (RRNNJ) negotiated a 173,475-square-foot, long-term industrial lease at the newly constructed Spring Brook Commerce Center, located at 128 Iron Mountain Rd. in Mine Hill, NJ, on…
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