Senior Director of Industrial & Logistics Research for the Americas. #cre #logistics #warehouse #research
New Jersey, USA
Joined May 2011
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Jason P retweeted
Last year Mexico became the number-one exporter to the United States, overtaking China. The last time this happened, in 2002, it was a passing blip. Today its rise has the whiff of a new order for global trade econ.st/4c7O8p7 👇
Jason P retweeted
Breaking: U.S. hiring slowed to 150,000 jobs in October. The unemployment rate rose to 3.9%. on.wsj.com/3FFLojI
on.wsj.com/3FFLojI
Not the best news for East Coast ports who hoped to keep Asian import market share gained from the West, elevated. #ports #industrial #imports #cargo
The Panama Canal doesn’t have enough water trib.al/K3KJEuY
Honestly, totally forgot I had this twitter account. Time to get more active on all things #industrial sooner than later
The #warehouse and #logistics market in #NeWJersey hit a century-high mark for new leasing activity, much of which came within new #construction. The robust #demand helped propel the average warehouse asking #rent into double-digits while #vacancy remaine…lnkd.in/ewNzz76
Some #economic trends and #statistics from our Winter 2021 #NewJersey #employment update. While the state has been modestly recovering from substantial #job losses during the first few months of the pandemic, there is still a long way to go #cre #cwresear…lnkd.in/ed34M6X
A little preview of our North American #Ports Report slated to come out this spring. While most Ports experienced tepid volume at the start of the COVID-19 pandemic, they began to rebound significantly in the summer months. Check…lnkd.in/eMmyier lnkd.in/eyeVSEA
Our #Port of NY/NJ 2020 overview is out, including some insight on the Greater Port Region industrial submarket as well. #cargo #imports #exports #logistics #ecommerce #cwresearch #supply #demand #shipping #trade #ports lnkd.in/eRGaDvX
Another big-box new #construction #warehouse leased prior to completion; not only further exemplifying the appetite for Class A new #developments in New Jersey but also the strength of the Upper 287 Corridor submarket. Congrats to the teams involved lnkd.in/ectqQbC
Despite a slowdown in #cargo volume handled (TEUs) in the first seven months of 2020, the #Port of NY/NJ finished the year strong and reached new historic highs for #container volume handled, including a 4.2% increase in #import vo…lnkd.in/enp4cuy lnkd.in/ecU6X9f
#Sublease space has been at the forefront of the #office market since the start of Covid-19. Some great insight both nationally and on a market-by-market basis in this fantastic report by @RSammonsRE and @dcs_3 #newjersey #supply…lnkd.in/ebpd3K3 lnkd.in/efCWd3P
The #NYC Outer Boroughs #industrial market performed strongly throughout much of 2020 as #ecommerce demand surged to 3.1 msf for the year. Although #vacancy ticked nominally higher to 4.7%, much of the occupancy losses were concentrated within the #Bronx.…lnkd.in/dn6A7Sd
#NewJersey #warehouse space was in high demand again in the final quarter of the year, as #leasing hit its highest quarterly total since one year ago. This helped push #vacancy to a new historic low of 2.6% and asking #rents to new heights at $9.39 psf. #…lnkd.in/eCkFQwE
A snapshot of the #NewJersey #employment picture. While the pandemic propelled job losses across the board throughout the first few months, the state has modestly rebounded since. (+16% since April) #jobs #economy #retail #warehousing #logistics #finance…lnkd.in/eCVwMcW
The #NewJersey #warehouse market was not just resilient, but impressive throughout Q3 as #demand surged, #absorption totals reached a quarterly high not seen since mid-year 2019, and asking #rents trended higher to once again reach new heights. #ecommerce…lnkd.in/eEq8AhZ
Not surprisingly with COVID-19 still keeping many #office employees at home, the #NewJersey office market softened in the third quarter as a plethora of new #vacancies pushed vacancy higher by 60 bps. New #demand did regain some momentum as some large dea…lnkd.in/e3qqVfa
While volume was expectedly down across the board, East Coast Ports like NY/NJ shoukd see increased market share going forward.
The first half of 2020 saw unprecedented swings in the U.S. & #global #economies, with #trade and #port activity being directly affected. Find out more in our North American Mid-Year Ports Report. @CushWakeINDSTRL #cre #industrial #logistics #freight
cushwk.co/36bwpgL
How have #industrial assets across North America performed during COVID-19 and the current #economic backdrop, along with previous recessions? This report has a ton of great info and analysis.
#NewJersey #logistics #warehouse #ec…lnkd.in/eu5QJ-r lnkd.in/ev2crYf
Some Summertime #FiveFastFacts for the #Port of NY/NJ #cre #Ports #logistics #employment #economy #jobs #imports #cargo lnkd.in/er9vBsE
The #Port of NY/NJ is a massive #economic driver for the region., suporting over 500,000 #jobs and accounting for almost $100 billion in #business income last year. #logistics #cre #industrial #warehouse #shipping #cargo lnkd.in/eq4cN8Z