northern new jersey Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Newmark
Quarterly industrial market indicators for northern new jersey, aggregated by CREhunt from Newmark. As of Q2 2026, average asking rent was $16.50/SF/yr and vacancy was 6.4%, per Newmark.
Projected current industrial pricing — northern new jersey
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for northern new jersey industrial yet, so this applies the typical cap rate across comparable industrial markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q2 2026 Newmark asking-rent data (benchmark cap rate 5.5%–7.5%, asking rent held flat). Assumes ~94% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Newmark | $16.50/SF/yr | 6.4% | 4.7M SF | — | Newmark |
Frequently asked questions
- What is the average asking rent for industrial space in northern new jersey?
- As of Q2 2026, the average asking rent for industrial space in northern new jersey was $16.50/SF/yr, per Newmark.
- What is the industrial vacancy rate in northern new jersey?
- The industrial vacancy rate in northern new jersey was 6.4% as of Q2 2026 (Newmark).
- Where does CREhunt's northern new jersey market data come from?
- This report aggregates quarterly industrial market data for northern new jersey from Newmark.