Teterboro Airport

New York - NY USA - Industrial Submarket

Industrial real estate intelligence for the Teterboro Airport submarket. 22.7M SF of inventory with 4.9% vacancy. Data sourced from various MLS platforms.

22.7MSF

Inventory

1.4MSF

Available

4.9%

Vacancy

Availability Rate

$15.79

Asking Rent

-0.3%

Rent Growth

569KSF

12mo Absorption

0SF

Under Construction

Market Metrics

12mo Delivered

167K SF

Under Constr % of Inv

0.0%%

Sale Price/SF

$248

Cap Rate

5.9%%

12mo Sales Volume

$238,486,986

Sales Vol Growth

-4.0%

Asset Value

$5,631,511,088

Net Absorption

+569K 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 (4.9%) in Teterboro Airport suggests a balanced market with selective opportunities for data centre conversion or development. Positive net absorption of 569K SF over the past 12 months signals healthy demand fundamentals.