Exit 10
Lakewood-New Brunswick - NJ USA - Industrial Submarket
Industrial real estate intelligence for the Exit 10 submarket. 48.9M SF of inventory with 5.6% vacancy. Data sourced from various MLS platforms.
48.9MSF
Inventory
4.8MSF
Available
5.6%
Vacancy
9.8%
Availability Rate
$15.76
Asking Rent
4.3%
Rent Growth
-652,794SF
12mo Absorption
0SF
Under Construction
Market Metrics
12mo Delivered
0 SF
Under Constr % of Inv
0.0%%
Sale Price/SF
$233
Cap Rate
5.6%%
12mo Sales Volume
$70,204,000
Sales Vol Growth
310.0%
Asset Value
$11,391,635,785
Net Absorption
-652,794 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
Moderate vacancy (5.6%) in Exit 10 suggests a balanced market with selective opportunities for data centre conversion or development. Negative absorption of 653K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.
Other Submarkets in Lakewood-New Brunswick - NJ USA
Evaluating Exit 10 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.