Sterling Park$29.04 – $35.36/SF/yr FS
Northern New Jersey Commercial Real Estate Market
Northern New Jersey CRE market data: 55 buildings, 21,752,700 SF of inventory, Industrial vacancy 31.6% and average asking rent $9.11/SF. Browse 55 live listings.
55Buildings tracked
21,752,700 SFInventory
6,265,742Population
1.0%Employment growth
55Live listings
6Submarkets
Northern New Jersey fundamentals by property type
| Property type | Buildings | Inventory SF | Vacancy | Avg asking rent | Rent YoY | Avg cap rate | Avg $/SF |
|---|---|---|---|---|---|---|---|
| Industrial | 23 | 14,923,200 | 31.6% | $9.11 | 5.0% | 7.84% | $523 |
| Office | 13 | 3,151,500 | 33.4% | $34.25 | 5.1% | 6.39% | $221 |
| Multi-Family | 5 | 2,358,500 | 7.3% | $26.09 | 2.6% | 5.24% | $184 |
| Flex | 8 | 686,900 | 10.1% | $15.27 | 5.3% | 5.76% | $366 |
| Retail | 4 | 450,100 | 4.3% | $43.03 | 5.0% | 7.64% | $359 |
Vacancy, asking rent and cap-rate series are maintained per market and property type and re-cut nightly. Full 12-quarter history, absorption and construction pipeline are in the RealStar.
Featured Northern New Jersey listings
482 McCarter HwyRate on request
23 Meadowlands Pkwy$33.13 – $40.33/SF/yr FS
652 River Dr$15.75 – $19.17/SF/yr NNN
2056 River Dr$9.46 – $11.51/SF/yr NNN
Brazos Tower$44.03 – $53.60/SF/yr NNN
Pecos Tower$49.76 – $60.58/SF/yr NNN
3168 Harborside$8.88 – $10.81/SF/yr NNN
439 Raymond Blvd$9.86 – $12.00/SF/yr NNN
Legacy Place$9.96 – $12.13/SF/yr NNN
382 McCarter Hwy$8.95 – $10.89/SF/yr NNN
Harbor Exchange$42.42 – $51.64/SF/yr NNN
55 commercial properties are tracked in Northern New Jersey, representing 21,752,700 SF of rentable building area, of which 6,039,300 SF is currently marketed as available.
Asking rents average $21.92 per square foot per year, the median marketed suite is 46,500 SF, and listings have been on market a median of 501 days.
The stock splits 19 Class A, 22 Class B, 14 Class C, with construction dates from 1911 to 2024 (median 1969).
The most concentrated submarkets are Port Newark / Elizabeth (14), Newark CBD (13), Meadowlands (11), Hoboken (7), Jersey City Waterfront (6).
Northern New Jersey cities
Northern New Jersey submarkets
Northern New Jersey space by property type
Office for lease in NewarkOffice for lease in ElizabethOffice for lease in SecaucusIndustrial for lease in NewarkIndustrial for lease in ElizabethIndustrial for lease in SecaucusIndustrial for lease in HobokenRetail for lease in NewarkRetail for lease in HobokenMulti-Family for lease in NewarkMulti-Family for lease in HobokenFlex for lease in NewarkFlex for lease in ElizabethFlex for lease in Secaucus
Nearby markets
New York CityDallas-Fort WorthAustinWashington DCHoustonRichmondSan AntonioEl PasoBeaumontLaredoMidland-OdessaCorpus ChristiWaco-TempleRio Grande Valley
Market fundamentals are RealStarGlobal analytics derived from tracked inventory. Transaction and news signals come from the Acquirepad CRE feed. Registry, assessor and GIS provenance for every jurisdiction is documented in the data sourcing plan.
Frequently asked questions
How large is the Northern New Jersey commercial real estate market?
RealStarGlobal tracks 55 buildings totalling 21,752,700 SF across 5 property types in Northern New Jersey.
What is the vacancy rate in Northern New Jersey?
Industrial 31.6%; Office 33.4%; Multi-Family 7.3%; Flex 10.1%; Retail 4.3%.
What are asking rents in Northern New Jersey?
Industrial $9.11/SF/yr (5.0% YoY); Office $34.25/SF/yr (5.1% YoY); Multi-Family $26.09/SF/yr (2.6% YoY); Flex $15.27/SF/yr (5.3% YoY); Retail $43.03/SF/yr (5.0% YoY).
What cap rates are assets trading at in Northern New Jersey?
Industrial 7.84% at $523/SF; Office 6.39% at $221/SF; Multi-Family 5.24% at $184/SF; Flex 5.76% at $366/SF; Retail 7.64% at $359/SF.
What are the submarkets of Northern New Jersey?
Hoboken, Jersey City Waterfront, Meadowlands, Newark CBD, Newark Ironbound, Port Newark / Elizabeth.
How many people live in the Northern New Jersey market?
The Northern New Jersey market has a population of 6,265,742 with employment growth of 1.0% year over year.
How do I get Northern New Jersey lease and sale comparables?
Lease comps, sale comps, tenant rosters, loan maturities and owner records for Northern New Jersey are in the RealStar, and available programmatically through the MCP server.