Northern New Jersey Q1 2024 Industrial Market Report

Apr 8, 2024 · The market’s construction pipeline delivered 16.5 million square feet (msf) in 2023, while another 3.8 msf, all speculative development, delivered in Q1 2024. In fact, inventory …

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North New Jersey (Newark/Jersey City) Real Estate Market Reports

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Jan 16, 2025 · Download New Jersey Office Market 4Q24. New Jersey Industrial Market. The vacancy rate rose by 20 basis points quarter-over-quarter to 5.7% in the fourth quarter of …

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INDUSTRIAL REPORT - Naihanson.com

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across Northern New Jersey. The overall vacancy rate rose during the third quarter up to 5.8%, from 5.0% at the end of the second quarter. The rise . in the vacancy rate is mostly attributable …

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INDUSTRIAL REPORT - NAI James E. Hanson

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services. New Jersey’s labor force participation rate rose to 64.6% in April and is tied for 19th place in the nation. Over the last 12 months, the labor force participation rate has fallen by 0.5 …

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Northern New Jersey Q3 2024 Industrial Market Report

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Oct 8, 2024 · Available sublease space has continued to swell within the Northern New Jersey market, climbing 37.0% year over year. The nearly 9.5 million square feet (msf) of subleases …

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FAQs about Northern New Jersey Q1 2024 Industrial Market Report Coupon?

How did New Jersey's office market perform in 2024?

Northern New Jersey’s office market showed notable improvement in the second half of 2024, shaking off a slow start to the year . Central New Jersey’s office market showed signs of stabilization in the fourth quarter of 2024, with new leasing activity rising 8.3% from the previous quarter after two slower periods . ...

Why is New Jersey's vacancy rate so high in Q4 2024?

In New Jersey industrial market, the surge in unoccupied inventory, coupled with 5.6 msf of occupancy losses, drove the vacancy rate to 8.3% in Q4 2024, its highest level since Q1 2013. Access the latest quarter commercial real estate results for the office sector nationally. ...

Which submarket has the most deliveries in Q1 2024?

The Old Bridge/Sayreville submarket had the most deliveries in Q1 2024 at 1.16 msf across 2 buildings; all 1.16m msf of which is available. Rockland County saw one 160,000 sf building delivered to full occupancy. In Q1 just 2% of deliveries had any occupancy. The other 98%, comprising of nearly 3 msf, delivered fully vacant. ...

What are Cushman & Wakefield New Jersey marketbeat reports?

Cushman & Wakefield New Jersey MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels. Learn more about our local markets and property types by clicking our most recent New Jersey MarketBeat reports below. ...

Will NNN asking rents continue to level in Q1 2024?

Q1 2024 saw average NNN asking rents stay nearly level while availability was up 20 basis points to 9.4%. It is expected that the average asking rent will continue to level for the first half of 2024 based on new deliveries exceeding the demands for industrial space. ...

What percentage of industrial leases are signed in 2024?

So far in 2024, 93% of industrial leases signed have been for less than 50,000 sf. Small to mid-size companies continue to downsize and sign smaller leases as they offset operational costs. 0.% 1. Orange/Rockland/ N. Bergen/Rt 17 ...