Family Office Briefing on research bySavills·Jul 12, 2023
Northern New Jersey 2023 Q2 Industrial Market Report
This report analyzes the Northern New Jersey industrial market for Q2 2023, highlighting trends in vacancy rates, rental rates, and market dynamics.
Key Metrics
| Metric | Value |
|---|---|
| Vacancy Rate | 3.8% |
| Asking Rental Rate | 17.07$/sf |
| Net Absorption | -0.1msf |
| Under Construction | 17.3msf |
| Deliveries | 3.0msf |
Metrics extracted from the source report and independently fact-checked. Method →
Full report
Savills
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