Secaucus/North Bergen

New York - NY USA - Industrial Submarket

Industrial real estate intelligence for the Secaucus/North Bergen submarket. 32.6M SF of inventory with 5.1% vacancy. Data sourced from various MLS platforms.

32.6MSF

Inventory

3.6MSF

Available

5.1%

Vacancy

10.8%

Availability Rate

$18.53

Asking Rent

-1.1%

Rent Growth

-281,880SF

12mo Absorption

775KSF

Under Construction

Market Metrics

12mo Delivered

0 SF

Under Constr % of Inv

2.4%%

Sale Price/SF

$257

Cap Rate

5.8%%

12mo Sales Volume

$59,944,113

Sales Vol Growth

-54.0%

Asset Value

$8,577,096,210

Net Absorption

-281,880 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

Moderate vacancy (5.1%) in Secaucus/North Bergen suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 775K SF indicates developer confidence in the submarket. Negative absorption of 282K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.