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Market Insights

NAI James E. Hanson provides industrial market analysis covering                              for the state of New Jersey.

total RBA

Market Reports for

2023

Year Summary

Vacancy Rate (+2.3%)

Asking Rate (-$0.12)

D4 Properties

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%

2.4%

3.1%

Industrial Vacancy Rates

5-Year Overviews

3.8%

4.7%

$15.00



$14.00



$13.00



$12.00



$11.00



$10.00



$9.00



$8.00



$7.00

Industrial Average Asking Rates

5-Year Overviews

$8.33

$8.56

$8.52

$8.65

$8.67

$8.94

$9.05

$9.09

$9.79

$10.09

$10.66

$10.95

$11.27

$11.91

$12.56

$13.21

$14.06

$14.32

$14.25

$13.94

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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