new jersey Multifamily Market Report
By CREhunt Research · Data through Q3 2025 · Aggregated from Matthews
Quarterly multifamily market indicators for new jersey, aggregated by CREhunt from Matthews. As of Q3 2025, average asking rent was $2,253.00/unit/mo and vacancy was 5.6%, per Matthews.
Projected current multifamily pricing — new jersey
Projected asking rent
$2,253/unit/mo
Estimated sale value
$217,564–$271,956/unit
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q3 2025 Matthews data (cap rate 6.1%, asking rent held flat). Assumes ~94% occupancy and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q3 2025 Matthews | $2,253.00/unit/mo | 5.6% | — | — | Matthews |
Frequently asked questions
- What is the average asking rent for multifamily space in new jersey?
- As of Q3 2025, the average asking rent for multifamily space in new jersey was $2,253.00/unit/mo, per Matthews.
- What is the multifamily vacancy rate in new jersey?
- The multifamily vacancy rate in new jersey was 5.6% as of Q3 2025 (Matthews).
- Where does CREhunt's new jersey market data come from?
- This report aggregates quarterly multifamily market data for new jersey from Matthews.
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