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NJ Q1 2022 New Jersey Turnpike Corridor Market Report

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Surrounded by more than 61 million people within 250 miles of its core, the Northern/Central New Jersey market services the largest population concentration in the country.  

Because of its location and robust logistics advantages, occupier demand is strong within New Jersey’s Turnpike Corridor market amid the coronavirus pandemic, with first quarter 2022 leasing activity totaling 7.7 million square feet (MSF), up 46.4% quarter-over-quarter. The acceleration of new construction has brought new opportunities to a market where space remains scarce.

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NJ Q1 2022 New Jersey Turnpike Corridor Market Report

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Felix Soto

Research Manager

Woodbridge

Felix joined Colliers International in 2014 as a Research Analyst in the Parsippany office.  Felix assists in gathering and providing market data, as well as assisting brokers in completing various research requests.   

Prior to joining Colliers, Felix worked as a Habilitation Counselor for Rutgers Biomedical and Health Science, where he facilitated and developed multidisciplinary treatment plans with case management clients.  While at the University, Felix provided crisis outreach to assist in recognizing and intervening in potential crisis situations.  Felix moved on to become a Site Manager at Easter Seals of New Jersey, where his primary focus was ensuring services were in compliance with all licensing, policies, and providing utilization and statistical information to achieve financial sustainability. 

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