Market Insights
NAI James E. Hanson provides industrial market analysis covering for the state of New Jersey.
Industrial Vacancy Rates
5-Year Overviews
4.7%
6.0%
5.0%
4.0%
3.0%
2.0%
0.0%
Q1 Q2 Q3 Q4
Year 2021
Q1 Q2 Q3 Q4
Year 2022
Q1 Q2 Q3 Q4
Year 2023
Q1 Q2 Q3 Q4
Year 2024
Q1 Q2 Q3 Q4
Year 2025
6.1%
2.7%
2.2%
2.2%
2.0%
2.0%
1.8%
2.3%
2.2%
5.0%
5.0%
2.4%
3.1%
3.8%
6.0%
5.8%
$15.00
$14.00
$13.00
$12.00
$11.00
$10.00
$9.00
$8.00
$7.00
$9.79
$10.09
$10.66
$10.95
Industrial Average Asking Rates
5-Year Overviews
$11.27
$11.91
$12.56
$13.21
$14.06
$14.32
$14.25
$13.94
$14.25
$14.35
$14.02
$14.06
Q1 Q2 Q3 Q4
Year 2021
Q1 Q2 Q3 Q4
Year 2022
Q1 Q2 Q3 Q4
Year 2023
Q1 Q2 Q3 Q4
Year 2024
Q1 Q2 Q3 Q4
Year 2025