Rockland County

New York - NY USA - Industrial Submarket

Industrial real estate intelligence for the Rockland County submarket. 21.9M SF of inventory with 10.9% vacancy. Data sourced from various MLS platforms.

21.9MSF

Inventory

3.0MSF

Available

10.9%

Vacancy

13.8%

Availability Rate

$18.48

Asking Rent

-0.8%

Rent Growth

-242,299SF

12mo Absorption

168KSF

Under Construction

Market Metrics

12mo Delivered

1.2M SF

Under Constr % of Inv

0.8%%

Sale Price/SF

$188

Cap Rate

6.5%%

12mo Sales Volume

$94,546,512

Sales Vol Growth

-47.7%

Asset Value

$4,162,769,319

Net Absorption

-242,299 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 (10.9%) in Rockland County may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 168K SF indicates developer confidence in the submarket. Negative absorption of 242K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.