Family Office Briefing on research bySavills·Apr 28, 2023
Northern New Jersey 2023 Q1 Industrial Market Report
Northern New Jersey industrial market shows signs of cooling demand in Q1 2023 — family offices should consider co-GP opportunities with disciplined operators.
Key Metrics
| Metric | Value |
|---|---|
| Vacancy Rate | 3.1% |
| Asking Rental Rate | 16.29$/sf |
| Net Absorption | 1.9msf |
| Under Construction | 19.1msf |
| Deliveries | 2.7msf |
Metrics extracted from the source report and independently fact-checked. Method →
Full report
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