Western Rt 287
Lakewood-New Brunswick - NJ USA - Industrial Submarket
Industrial real estate intelligence for the Western Rt 287 submarket. 37.2M SF of inventory with 5.4% vacancy. Data sourced from various MLS platforms.
37.2MSF
Inventory
2.4MSF
Available
5.4%
Vacancy
6.4%
Availability Rate
$15.51
Asking Rent
2.3%
Rent Growth
161KSF
12mo Absorption
0SF
Under Construction
Market Metrics
12mo Delivered
316K SF
Under Constr % of Inv
0.0%%
Sale Price/SF
$255
Cap Rate
5.7%%
12mo Sales Volume
$312,510,430
Sales Vol Growth
54.4%
Asset Value
$9,500,776,544
Net Absorption
+161K 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
Moderate vacancy (5.4%) in Western Rt 287 suggests a balanced market with selective opportunities for data centre conversion or development. Positive net absorption of 161K SF over the past 12 months signals healthy demand fundamentals.
Other Submarkets in Lakewood-New Brunswick - NJ USA
Evaluating Western Rt 287 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.