Elizabeth
Northern New Jersey - NJ USA - Industrial Submarket
Industrial real estate intelligence for the Elizabeth submarket. 20.1M SF of inventory with 7.5% vacancy. Data sourced from various MLS platforms.
20.1MSF
Inventory
2.4MSF
Available
7.5%
Vacancy
11.7%
Availability Rate
$16.60
Asking Rent
2.9%
Rent Growth
289KSF
12mo Absorption
0SF
Under Construction
Market Metrics
12mo Delivered
0 SF
Under Constr % of Inv
0.0%%
Sale Price/SF
$226
Cap Rate
6.8%%
12mo Sales Volume
$50,870,501
Sales Vol Growth
-44.8%
Asset Value
$4,547,695,549
Net Absorption
+289K 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 (7.5%) in Elizabeth suggests a balanced market with selective opportunities for data centre conversion or development. Positive net absorption of 289K SF over the past 12 months signals healthy demand fundamentals.
Other Submarkets in Northern New Jersey - NJ USA
Evaluating Elizabeth 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.