A former Sam’s Club warehouse leased to Amazon recently sold, marking a shift in the region from large suburban office spaces to warehouses. The transaction reflects a broader trend in New Jersey, where warehouse construction surged during the COVID-19 pandemic to meet the growing demand for e-commerce.
Topic
office space
Hughes: NJ needs to "retrofit suburbia" to accommodate the new lifestyle requirements of young millennials
With one-quarter of New Jersey’s office space lying vacant, the state needs to engage in "retrofitting suburbia" in order to make spaces more attractive to young millennials, according to Dean James W. Hughes. He noted that the tech economy is moving to Brooklyn, and...