Bronx

New York - NY USA - Industrial Submarket

Industrial real estate intelligence for the Bronx submarket. 35.5M SF of inventory with 12.4% vacancy. Data sourced from various MLS platforms.

35.5MSF

Inventory

4.3MSF

Available

12.4%

Vacancy

12%

Availability Rate

$25.56

Asking Rent

-0.6%

Rent Growth

-381,892SF

12mo Absorption

130KSF

Under Construction

Market Metrics

12mo Delivered

10K SF

Under Constr % of Inv

0.4%%

Sale Price/SF

$351

Cap Rate

6.5%%

12mo Sales Volume

$212,634,337

Sales Vol Growth

13.5%

Asset Value

$12,505,602,468

Net Absorption

-381,892 SF

Recent DC Sales in Market

Property	Price	SF	Buyer
EWR2-D	$96.6M	209,000	W.P. Carey Inc.
EWR2-C	$217.0M	370,000	Brookfield Corporation
CoreSite NY2 Data Center	-	256,000	Stonepeak Partners LLC
CoreSite NY2 Data Center	-	256,000	American Tower Corporation
ORNY1	$132.5M	232,000	Buyer 1 Harrison Street Asset Management \| Buyer 2 fifteenfortyseven Critical Systems Realty

Available DC Space in Market

Property	Avail SF	Rent	Owner
570 Commerce Blvd	80,866	$13.71 - 16.75 (Est.)	Russo Development
The Falchi Building	272,217	$23.00	Savanna Real Estate Fund
1360 Drake Park S	24,794	$15.75 - 19.25 (Est.)	Mestousis Realty Corp
480 Gotham Pky	57,032	$13.73 - 16.79 (Est.)	Lisa L Harper
401 Hunts Point Ave	14,924	$15.78 - 19.28 (Est.)	Mestousis Realty Corp

Data Centre Development Potential

High vacancy (12.4%) in Bronx may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 130K SF indicates developer confidence in the submarket. Negative absorption of 382K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.