New Jersey industrial real estate market reports

New Jersey industrial real estate market reports

2Q2021 quarterly report

The New Jersey market remained a hotbed for both users and investors alike through the pandemic. While supply chain issues and inflation remain a concern, New Jersey’s access to both consumers and labor will keep both of these markets strong both in the short and long term.

+ 9.5% 

Economic conditions

Industrial jobs have risen 9.5 percent in New Jersey since April 2020.

+ 31.4%

Recovery Rate

Total year-to-date cargo volume is up  31.4 percent at the Port of New York and New Jersey compared with the prior five-year year-to-date average.


Industrial Demand

Annualized leasing activity has been sustained throughout the pandemic, currently sitting at 7.8 percent over the prior 20-year annual average.

- 3.2%

Industrial Supply

The overall vacancy rate dropped to a 15-year low of 3.2 percent.


Pricing Trends

Landlord-favorable market conditions have caused concessions rates to steadily decline in recent years and are now approximately $1.25 per square foot and 1-month free rent on a 10-year deal.

+ 31.4%

Capital Markets

The lack of supply and investors’ attraction to the sector also translated into higher valuations, which increased by 31.4 percent since Q1 2020.

Download New Jersey Industrial Insight Report

Your source for the latest New Jersey industrial real estate reports

Stay on top of current trends affecting the industrial real estate sector in New Jersey. Gain an overall better understanding of New Jersey's industrial real estate market conditions, so you can better formulate strategies to overcome any obstacle and know how to best invest in industrial real estate in New Jersey.

Here, you’ll always find the latest industrial real estate market news so you can stay ahead. Come back often to see expert insights on the current and future of the New Jersey industrial real estate market.

New Jersey industrial real estate market report

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