[BIT]Intelligence Forward Looking Indices
The numbers a tenant rep sees are the tip of the iceberg. Underneath sit the demand signals that move before leasing does — factory orders, the goods crossing our docks, how logistics operators are behaving, and household confidence. Four signal families, scored against their own full history, rolled into one cycle read.
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BIT Composite Rating
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Component scores · 1 = weakest in history · 10 = strongest
Where Today RanksToday’s setup vs. every cycle since 2016
Each NJ industrial cycle scored on the same framework. Higher = stronger demand setup for landlords and developers. Current setup is mid-pack — well above the 2023–24 troughs, below the 2021 boom.
Composite score by cycle
1 = weakest, 10 = strongest demand setup
0246810
01 · Manufacturing DemandIs the factory floor ordering?
ISM Report on Business. New orders lead production; customer inventories invert — thin shelves mean future restocking.
02 · Goods FlowWhat’s actually crossing the docks?
Loaded import containers, monthly. NY/NJ is our ground truth; LA & Long Beach are the leading edge of what lands here next.
03 · Logistics BehaviorHow are operators acting right now?
Logistics Managers Index. The closest thing to a real-time read on warehouse demand — capacity tightening and prices rising is the signal that precedes rent growth.
04 · Demand BackdropWill the goods keep moving?
Inventory-to-sales ratio and consumer sentiment. The pull-through — lean inventories plus willing consumers keep absorption alive.
How the composite is built
Each series is scored 1–10 by where its current print ranks against its own full history (percentile rank). Inventory-to-sales and LMI warehouse capacity are inverted — for industrial demand, lean inventories and tight capacity are bullish, not bearish.
The composite weights the leading industrial signals heavily: ISM new orders, LMI, and import volumes drive ~75%; inventory-to-sales is a moderate input; consumer sentiment is intentionally minor. Historical cycle scores use the four signals available before 2025 (LMI history begins in 2025) and are calibrated so the 2021–22 boom and 2023 destocking trough anchor the scale. A directional cycle read, not a forecast.
Sources: ISM Report on Business · Port Authority of NY & NJ · Council of Supply Chain Management Professionals (LMI) · U.S. Census Bureau · University of Michigan · Balanoff Industrial Team analysis.
Freightos Baltic, CFNAI, and Capacity Utilization tracked separately — not yet wired into this build. Proprietary — for internal & client use by the Balanoff Industrial Team.
Freightos Baltic, CFNAI, and Capacity Utilization tracked separately — not yet wired into this build. Proprietary — for internal & client use by the Balanoff Industrial Team.