NAI Hanson: New Jersey industrial vacancy still rising, but could moderate as construction slows in 2025

Industrial vacancy in northern New Jersey rose again in the fourth quarter, as new construction continues to weigh on the market alongside growing sublease space and other factors.

NAI Hanson: New Jersey industrial market continued to normalize in Q1 amid new deliveries, moderating rent growth

Warehouse vacancy in New Jersey ticked upward to start the year, but remains tight by national standards, as the market continued its return to equilibrium after record demand.