The industry's own research.
8 items

New Jersey's industrial market in Q4 2025 achieved 28.8 million square feet of new leasing activity—the third-highest annual total on record—with the Turnpike Corridor accounting for 70.5% of year-to-date activity, though the vacancy rate rose to 8.9% due to 4.4 million square feet of new deliveries and 2.2 million square feet of negative net absorption in the fourth quarter. The Port of New York and New Jersey recorded a 2.9% year-over-year increase in container volume through November, while overall asking rent declined 4.8% year-over-year to $16.60 per square foot, with Class A warehouse and distribution properties showing stronger resilience than non-Class A assets.

New Jersey's office market recorded its third consecutive quarter of positive net absorption in Q4 2025, with 758,000 square feet of year-to-date gains and an overall vacancy rate of 21.9% (16.4% using the median vacancy rate metric), while asking rents remained flat year-over-year at $32.33 per square foot. Northern New Jersey drove momentum with 1.6 million square feet of annual net occupancy gains and a declining vacancy rate, though Central New Jersey faced headwinds from major tenant departures including Sanofi's 467,149-square-foot sublease listing and MetLife's 400,000-square-foot exit in Bridgewater.

Northern New Jersey's office market recorded 1.9 million square feet of leasing activity in the first quarter of 2026, slightly below the two-year quarterly average of 2.1 million square feet, while the overall availability rate decreased 20 basis points to 22.7% driven by 240,846 square feet of positive net absorption. Key findings include sublease availability declining to 5.9 million square feet—the lowest level in six years—Class A office leasing accounting for more than 72.3% of overall activity, and overall asking rents averaging $32.12 per square foot with a 0.38% year-over-year increase, with Class A pricing at $35.29 per square foot representing a 9.3% premium.

New Jersey's industrial market recorded 9.5 million square feet of new leasing activity in Q1 2026, a 45.2% year-over-year increase, with the Exit 8A submarket leading recovery after two years of occupancy losses. The overall vacancy rate declined to 8.7%, average asking rent stood at $16.33 per square foot, and the Port of New York and New Jersey achieved 749,906 TEUs in January 2026, up 4.0% year-over-year, supported by strong gains in rail and auto volumes.

This is a quarterly data report published by CBRE on March 31, 2026, presenting office sector figures for New Jersey in the first quarter of 2026, with coverage spanning northern New Jersey and national markets.

Cushman & Wakefield's Q1 2026 New Jersey office market report documents overall vacancy at 21.8% (50 basis points below year-ago levels), asking rents at $32.43 per square foot, and 371,986 square feet of negative absorption during the quarter, with Class A properties commanding an 11.5% premium and accounting for 59.7% of leasing volume. The state's labor market remained stable at 4.6 million jobs with education and health services posting 3.5% year-over-year growth, while Northern New Jersey vacancy declined 140 basis points year-over-year to 21.3% and Central New Jersey vacancy rose 80 basis points year-over-year to 22.5%, with demand concentrated in well-located, transit-accessible high-quality office buildings reflecting an ongoing flight-to-quality trend.

This is a quarterly data report published by CBRE on December 31, 2025, presenting industrial sector figures for Northern and Central New Jersey in the fourth quarter of 2025. The report provides market metrics and statistical information for the industrial real estate segment in that regional area.

This is a data figures report published by CBRE on December 31, 2025, covering the office sector in New Jersey and related markets including Northern New Jersey, Philadelphia, New York, and national comparisons for the fourth quarter of 2025.