New Jersey Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Newmark, Cushman & Wakefield, JLL, Avison Young, Colliers, Lee & Associates, Savills
Quarterly industrial market indicators for New Jersey, aggregated by CREhunt from Newmark, Cushman & Wakefield, JLL, Avison Young, Colliers, Lee & Associates, Savills. As of Q2 2026, average asking rent was $16.11/SF/yr and vacancy was 8.7%, per Cushman & Wakefield.
Projected current industrial pricing — New Jersey
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2026 multiple brokerages data (cap rate 6.8%, asking rent held flat). Assumes ~91% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Newmark | — | — | — | — | Newmark |
| Q2 2026 Cushman & Wakefield | $16.11/SF/yr | 8.7% | 17.8M SF | — | Cushman & Wakefield |
| Q1 2026 JLL | $15.68/SF/yr | 6.3% | 3.9M SF | — | JLL |
| Q1 2026 Cushman & Wakefield | $15.74/SF/yr | 8.7% | — | — | Cushman & Wakefield |
| Q1 2026 Avison Young | $16.68/SF/yr | 8.4% | 7.6M SF | — | Avison Young |
| Q1 2026 Colliers | $7.69/SF/yr | 1.0% | 16K SF | — | Colliers |
| Q1 2026 Lee & Associates | $13.35/SF/yr | 8.0% | — | — | Lee & Associates |
| Q1 2026 Newmark | — | 6.3% | — | — | Newmark |
| Q4 2025 Avison Young | $18.16/SF/yr | 9.9% | — | — | Avison Young |
| Q4 2025 Newmark | $16.75/SF/yr | 6.1% | 353K SF | — | Newmark |
| Q4 2025 Cushman & Wakefield | $15.90/SF/yr | 8.9% | -261K SF | — | Cushman & Wakefield |
| Q4 2025 Lee & Associates | $13.30/SF/yr | 7.8% | 1.1M SF | — | Lee & Associates |
| Q3 2025 Newmark | $16.64/SF/yr | 5.9% | 2.6M SF | — | Newmark |
| Q3 2025 Savills | — | 7.2% | 1.2M SF | — | Savills |
| Q3 2025 Cushman & Wakefield | $17.11/SF/yr | 8.4% | — | — | Cushman & Wakefield |
| Q2 2025 Newmark | — | — | — | — | Newmark |
| Q2 2025 Lee & Associates | $13.45/SF/yr | 7.5% | — | — | Lee & Associates |
| Q2 2025 Savills | — | 7.3% | — | — | Savills |
| Q1 2025 Colliers | $16.39/SF/yr | 10.2% | — | — | Colliers |
| Q1 2025 Avison Young | $15.76/SF/yr | 7.8% | — | — | Avison Young |
| Q1 2025 Cushman & Wakefield | — | 6.4% | 846K SF | — | Cushman & Wakefield |
| Q1 2025 Newmark | — | 5.9% | 582K SF | — | Newmark |
| Q4 2024 Newmark | $17.17/SF/yr | 5.7% | 800K SF | — | Newmark |
| Q2 2024 Newmark | $17.01/SF/yr | 5.3% | — | — | Newmark |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each New Jersey industrial submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Central Union | $19.83/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Exit 7A/8 | $16.33/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Greater I-80 Corridor | $17.55/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Greater Princeton | $10.84/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| I-287/Exit 10 | $16.44/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Meadowlands | $19.15/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Monmouth County | $15.34/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Morristown Market | $14.16/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Northern Bergen | $15.41/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Port Region | $29.55/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Route 23 North | $10.00/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Route 24 Corridor | $22.00/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Somerset/ I-78 Corridor | $15.52/SF/yr Cushman & Wakefield · Q4 2025 | Cushman & Wakefield, Q4 2025 |
| Suburban Essex | $17.00/SF/yr Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
Frequently asked questions
- What is the average asking rent for industrial space in New Jersey?
- As of Q2 2026, the average asking rent for industrial space in New Jersey was $16.11/SF/yr, per Cushman & Wakefield.
- What is the industrial vacancy rate in New Jersey?
- The industrial vacancy rate in New Jersey was 8.7% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's New Jersey market data come from?
- This report aggregates quarterly industrial market data for New Jersey from Newmark, Cushman & Wakefield, JLL, Avison Young, Colliers, Lee & Associates, Savills.