Record-setting consumer demand, increased port activity, and record-low warehouse availability are creating a challenging environment for the Northeast industrial market. In October 2021, US consumers bought more goods than ever before, spending a record $565.8 billion. To meet surging demand, businesses are swiftly adjusting strategies to allow for more “safety stock,” pushing business inventories to all-time highs. As businesses work to catch up to the record volumes of consumer goods entering the Port of New York and New Jersey, they are insatiably seeking warehouse space just as available industrial space dwindles across the Northeast.