Route 3/GSP

New York - NY USA - Industrial Submarket

Industrial real estate intelligence for the Route 3/GSP submarket. 24.3M SF of inventory with 6.8% vacancy. Data sourced from various MLS platforms.

24.3MSF

Inventory

1.8MSF

Available

6.8%

Vacancy

7.5%

Availability Rate

$14.54

Asking Rent

-0.7%

Rent Growth

-236,105SF

12mo Absorption

0SF

Under Construction

Market Metrics

12mo Delivered

0 SF

Under Constr % of Inv

0.0%%

Sale Price/SF

$202

Cap Rate

6.3%%

12mo Sales Volume

$69,414,998

Sales Vol Growth

26.0%

Asset Value

$4,896,758,007

Net Absorption

-236,105 SF

Recent DC Sales in Market

Property	Price	SF	Buyer
9800 Eternal Rings Dr (Part of a 2 Property Portfolio)	$120.1M	109,450	GI Partners
Data Center 1	$26.8M	214,000	Buyer 1 Sansone Group \| Buyer 2 Priseda
Data Center 2	$2.0M	12,000	Buyer 1 Sansone Group \| Buyer 2 Priseda
EWR2-D	$96.6M	209,000	W.P. Carey Inc.
EWR2-C	$217.0M	370,000	Brookfield Corporation

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

Moderate vacancy (6.8%) in Route 3/GSP suggests a balanced market with selective opportunities for data centre conversion or development. Negative absorption of 236K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.