Carteret/Avenel
Lakewood-New Brunswick - NJ USA - Industrial Submarket
Industrial real estate intelligence for the Carteret/Avenel submarket. 23.6M SF of inventory with 8.5% vacancy. Data sourced from various MLS platforms.
23.6MSF
Inventory
3.6MSF
Available
8.5%
Vacancy
15.3%
Availability Rate
$17.85
Asking Rent
4.6%
Rent Growth
1.1MSF
12mo Absorption
0SF
Under Construction
Market Metrics
12mo Delivered
0 SF
Under Constr % of Inv
0.0%%
Sale Price/SF
$259
Cap Rate
5.8%%
12mo Sales Volume
$169,840,000
Sales Vol Growth
149.9%
Asset Value
$6,112,175,771
Net Absorption
+1.1M SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| 201 Centennial Ave | $11.0M | 64,698 | Chirisa Technology Parks |
| EWR2 | $16.0M | 49,355 | DataBank |
| Bridgewater - NJ1 | $8.3M | 40,565 | CSB Holdings |
| NYM1 | - | 430,000 | Buyer 1 Global Infrastructure Partners | Buyer 2 Kohlberg Kravis Roberts & Co. L.P. |
| Bank of New York Data Center | $81.5M | 108,336 | BNY Mellon |
Available DC Space in Market
| Property | Avail SF | Rent | Owner |
|---|---|---|---|
| 975 Burnt Tavern Rd | 16,385 | $13.41 - 16.39 (Est.) | John P O'Neill |
| The Commerce Center at Princeton Nurseries | 450,000 | Not Disclosed | - |
Data Centre Development Potential
High vacancy (8.5%) in Carteret/Avenel may indicate availability of conversion-ready industrial buildings for data centre development. Positive net absorption of 1.1M SF over the past 12 months signals healthy demand fundamentals.
Other Submarkets in Lakewood-New Brunswick - NJ USA
Evaluating Carteret/Avenel for Development?
Our advisory team provides site-specific analysis including power availability, zoning, and financial modeling.
Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.