New Jersey Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, Newmark, JLL, Lee & Associates, Avison Young, Savills
Quarterly industrial market indicators for New Jersey, aggregated by CREhunt from Cushman & Wakefield, Newmark, JLL, Lee & Associates, Avison Young, 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 ~92% occupancy (vacancy not reported) and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | $16.11/SF/yr | 8.7% | 17.8M SF | — | Cushman & Wakefield |
| Q2 2026 Newmark | — | 6.4% | 4.7M SF | — | Newmark |
| Q1 2026 JLL | $15.68/SF/yr | 6.3% | 3.9M SF | — | JLL |
| Q1 2026 Lee & Associates | $13.35/SF/yr | 8.0% | 548K SF | — | Lee & Associates |
| Q1 2026 Cushman & Wakefield | $15.74/SF/yr | 8.7% | — | — | Cushman & Wakefield |
| Q1 2026 Newmark | — | 6.3% | — | — | Newmark |
| Q1 2026 Avison Young | $16.68/SF/yr | — | 7.6M SF | — | Avison Young |
| Q4 2025 Newmark | $16.75/SF/yr | 6.1% | 353K SF | — | Newmark |
| Q4 2025 Lee & Associates | $13.30/SF/yr | 7.8% | 1.1M SF | — | Lee & Associates |
| Q4 2025 Cushman & Wakefield | $15.90/SF/yr | 8.9% | -261K SF | — | Cushman & Wakefield |
| Q4 2025 Avison Young | — | — | — | — | Avison Young |
| Q3 2025 Savills | — | 7.2% | 1.2M SF | — | Savills |
| Q3 2025 Newmark | $16.64/SF/yr | 5.9% | 2.6M SF | — | Newmark |
| Q3 2025 Cushman & Wakefield | $17.11/SF/yr | 8.4% | — | — | Cushman & Wakefield |
| Q2 2025 Savills | — | 7.3% | — | — | Savills |
| Q2 2025 Newmark | — | — | — | — | Newmark |
| Q2 2025 Lee & Associates | $13.45/SF/yr | 7.5% | — | — | Lee & Associates |
| Q1 2025 Avison Young | $15.76/SF/yr | 7.8% | — | — | Avison Young |
| Q1 2025 Newmark | — | 5.9% | 582K SF | — | Newmark |
| Q1 2025 Cushman & Wakefield | — | 6.4% | 846K SF | — | Cushman & Wakefield |
| Q4 2024 Newmark | $17.17/SF/yr | 5.7% | 800K SF | — | Newmark |
| Q2 2024 Newmark | $17.01/SF/yr | 5.3% | — | — | Newmark |
| Q1 2024 Newmark | $16.83/SF/yr | 4.4% | — | — | Newmark |
| Q4 2023 Newmark | $16.21/SF/yr | 3.6% | 912K SF | — | Newmark |
How the brokerage sources compare
For Q2 2026, the brokerages CREhunt aggregates for New Jersey industrial did not fully agree. On vacancy, the sources span 2.3 points — from 6.4% (Newmark) to 8.7% (Cushman & Wakefield). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Cushman & Wakefield | 8.7% | $16.11/SF/yr | — |
| Newmark | 6.4% | — | — |
Per-brokerage figures for Q2 2026, aggregated from published brokerage market reports.
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 Cushman & Wakefield, Newmark, JLL, Lee & Associates, Avison Young, Savills.
- How much do brokerage estimates differ for industrial space in New Jersey?
- For Q2 2026, the brokerage sources CREhunt aggregates for New Jersey did not fully agree. On vacancy, the sources span 2.3 points — from 6.4% (Newmark) to 8.7% (Cushman & Wakefield). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.