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New Jersey Sees Uptick in Industrial Subleasing Amid Pandemic

But Colliers Report Says Warehouse-Distribution Demand Remains High
Japanese fashion retailer Uniqlo is seeking to sublease 253,000 square feet of the space it has at 975,761-square-foot 942 Memorial Parkway in Phillipsburg, New Jersey. (CoStar)
Japanese fashion retailer Uniqlo is seeking to sublease 253,000 square feet of the space it has at 975,761-square-foot 942 Memorial Parkway in Phillipsburg, New Jersey. (CoStar)
CoStar News
September 30, 2020 | 10:22 P.M.

As the pandemic continued throughout the third quarter, New Jersey saw a rise in the subleasing of industrial space, a commercial real estate sector that still remains relatively strong in the Garden State.

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