East Newark

Northern New Jersey - NJ USA - Industrial Submarket

Industrial real estate intelligence for the East Newark submarket. 26.8M SF of inventory with 3.5% vacancy. Data sourced from various MLS platforms.

26.8MSF

Inventory

2.2MSF

Available

3.5%

Vacancy

8.1%

Availability Rate

$16.48

Asking Rent

2.8%

Rent Growth

155KSF

12mo Absorption

354KSF

Under Construction

Market Metrics

12mo Delivered

40K SF

Under Constr % of Inv

1.3%%

Sale Price/SF

$240

Cap Rate

6.7%%

12mo Sales Volume

$152,212,576

Sales Vol Growth

250.8%

Asset Value

$6,520,749,842

Net Absorption

+155K SF

Recent DC Sales in Market

Property	Price	SF	Buyer
Skybox Austin	-	141,000	Buyer 1 GI Partners \| Buyer 2 Skybox Datacenters
Anderson Bldg	$4.5M	47,350	Gregory Realty GP
4202 Fidelity St	-	425,720	Industrial Realty Group, LLC
1780 Jet Stream Dr (Part of a 8 Property Portfolio)	$4.4M	14,617	APWireless
NEST Campus	$322.0M	280,736	Buyer 1 CoreWeave \| Buyer 2 Core Scientific, Inc.

Available DC Space in Market

Property	Avail SF	Rent	Owner
31 Farinella Dr	48,235	$12.40 - 15.16 (Est.)	New Vernon Equities
402 S 29th St	10,000	$28.00	Amanda Kay Childers
3410 Alta Ct	150,000	$7.50	Tyler Marks
115 Bi-County Blvd	5,050	$16.50	Aresco Management
2149 Queens Chapel Rd NE	15,086	$11.00	Ali Hassani

Data Centre Development Potential

Moderate vacancy (3.5%) in East Newark suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 354K SF indicates developer confidence in the submarket. Positive net absorption of 155K SF over the past 12 months signals healthy demand fundamentals.