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NJ Q2 2022 New Jersey Under Construction Market Report

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New Jersey’s industrial market continued to show remarkable market fundamentals amid supply constraints, as occupancy gains continued to be driven by occupied new deliveries.

In total, the State had 12 buildings complete construction this quarter totaling 2.4 million square feet (MSF), as 16 new projects broke ground registering 1.9 MSF. New Jersey now has 58 buildings under construction totaling 16.7 MSF, with 23 of these projects set to be completed next quarter adding 9.7 MSF to the much-needed inventory.

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NJ Q2 2022 New Jersey Under Construction Market Report

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Felix Soto

Research Manager


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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