Western Monmouth
Lakewood-New Brunswick - NJ USA - Industrial Submarket
Industrial real estate intelligence for the Western Monmouth submarket. 17.4M SF of inventory with 8.1% vacancy. Data sourced from various MLS platforms.
17.4MSF
Inventory
2.9MSF
Available
8.1%
Vacancy
15.7%
Availability Rate
$16.46
Asking Rent
1.6%
Rent Growth
501KSF
12mo Absorption
1.2MSF
Under Construction
Market Metrics
12mo Delivered
252K SF
Under Constr % of Inv
7.0%%
Sale Price/SF
$218
Cap Rate
6.5%%
12mo Sales Volume
$319,202,802
Sales Vol Growth
109.7%
Asset Value
$4,066,208,748
Net Absorption
+501K 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 |
| Johnston Data Center (Corp 7) | $3.4M | 32,724 | Registered Agents Inc. |
| NYM1 | - | 430,000 | Buyer 1 Global Infrastructure Partners | Buyer 2 Kohlberg Kravis Roberts & Co. L.P. |
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 (8.1%) in Western Monmouth may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 1.2M SF indicates developer confidence in the submarket. Positive net absorption of 501K SF over the past 12 months signals healthy demand fundamentals.
Other Submarkets in Lakewood-New Brunswick - NJ USA
Evaluating Western Monmouth 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.