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NAI James E. Hanson provides industrial market analysis covering for the state of New Jersey.
V
a
c
a
n
c
y
R
a
t
e
5.0%
4.0%
3.0%
2.0%
1.0%
0.0%
Q1 Q2 Q3 Q4
Year 2019
Q1 Q2 Q3 Q4
Year 2020
Q1 Q2 Q3 Q4
Year 2021
Q1 Q2 Q3 Q4
Year 2022
Q1 Q2 Q3 Q4
Year 2023
3.3%
3.0%
2.8%
2.6%
2.6%
2.9%
2.9%
3.2%
2.7%
2.2%
2.2%
2.0%
2.0%
1.8%
2.3%
2.2%
Industrial Vacancy Rates
5-Year Overviews
2.4%
Industrial Average Asking Rates
A
v
e
r
a
g
e
A
s
k
$15.00
$14.00
$13.00
$12.00
$11.00
$10.00
$9.00
$8.00
$7.00
5-Year Overviews
$11.27
$11.91
$12.56
$13.21
$9.79
$10.09
$10.66
$10.95
$8.67
$8.94
$9.05
$9.09
$8.33
$8.56
$8.52
$8.65
$14.06
Q1 Q2 Q3 Q4
Year 2019
Q1 Q2 Q3 Q4
Year 2020
Q1 Q2 Q3 Q4
Year 2021
Q1 Q2 Q3 Q4
Year 2022
Q1 Q2 Q3 Q4
Year 2023
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