Northwest Bergen
New York - NY USA - Industrial Submarket
Industrial real estate intelligence for the Northwest Bergen submarket. 19.6M SF of inventory with 6.9% vacancy. Data sourced from various MLS platforms.
19.6MSF
Inventory
1.5MSF
Available
6.9%
Vacancy
7.6%
Availability Rate
$17.56
Asking Rent
-0.5%
Rent Growth
-446,274SF
12mo Absorption
0SF
Under Construction
Market Metrics
12mo Delivered
0 SF
Under Constr % of Inv
0.0%%
Sale Price/SF
$227
Cap Rate
6.7%%
12mo Sales Volume
$63,720,000
Sales Vol Growth
16.6%
Asset Value
$4,464,811,381
Net Absorption
-446,274 SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| 8425 N 114th St | $2.6M | 232,663 | |
| Houston One | - | 118,248 | Safanad |
| Multi-Property Sale | - | 232,663 | |
| Multi-Property Sale | - | 232,663 | |
| EWR2-D | $96.6M | 209,000 | W.P. Carey Inc. |
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 |
| McHenry Corporate Center IV | 42,811 | $6.00 - 12.50 | Gold Drop |
| 500 Commack Rd | 36,552 | $14.75 - 18.03 (Est.) | Steel Equities |
| 1360 Drake Park S | 24,794 | $15.75 - 19.25 (Est.) | Mestousis Realty Corp |
Data Centre Development Potential
Moderate vacancy (6.9%) in Northwest Bergen suggests a balanced market with selective opportunities for data centre conversion or development. Negative absorption of 446K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.
Other Submarkets in New York - NY USA
Evaluating Northwest Bergen for Development?
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Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.