Eastern Morris
Northern New Jersey - NJ USA - Industrial Submarket
Industrial real estate intelligence for the Eastern Morris submarket. 23.1M SF of inventory with 7.2% vacancy. Data sourced from various MLS platforms.
23.1MSF
Inventory
3.3MSF
Available
7.2%
Vacancy
13.5%
Availability Rate
$18.25
Asking Rent
4.2%
Rent Growth
-625,383SF
12mo Absorption
1.3MSF
Under Construction
Market Metrics
12mo Delivered
220K SF
Under Constr % of Inv
5.6%%
Sale Price/SF
$205
Cap Rate
6.9%%
12mo Sales Volume
$223,832,355
Sales Vol Growth
38.5%
Asset Value
$4,993,827,692
Net Absorption
-625,383 SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| NEST Campus | $322.0M | 280,736 | Buyer 1 CoreWeave | Buyer 2 Core Scientific, Inc. |
| NEST Campus | $32.7M | 280,736 | Buyer 1 Onyx Equities, LLC | Buyer 2 Machine Investment Group |
Available DC Space in Market
| Property | Avail SF | Rent | Owner |
|---|---|---|---|
| 31 Farinella Dr | 48,235 | $12.40 - 15.16 (Est.) | New Vernon Equities |
Data Centre Development Potential
Moderate vacancy (7.2%) in Eastern Morris suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 1.3M SF indicates developer confidence in the submarket. Negative absorption of 625K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.
Other Submarkets in Northern New Jersey - NJ USA
Evaluating Eastern Morris for Development?
Our advisory team provides site-specific analysis including power availability, zoning, and financial modeling.
Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.