Route 78/22 East
Northern New Jersey - NJ USA - Industrial Submarket
Industrial real estate intelligence for the Route 78/22 East submarket. 23.2M SF of inventory with 5.2% vacancy. Data sourced from various MLS platforms.
23.2MSF
Inventory
1.5MSF
Available
5.2%
Vacancy
6.6%
Availability Rate
$16.78
Asking Rent
3.8%
Rent Growth
-420,140SF
12mo Absorption
0SF
Under Construction
Market Metrics
12mo Delivered
247K SF
Under Constr % of Inv
0.0%%
Sale Price/SF
$200
Cap Rate
6.9%%
12mo Sales Volume
$166,339,886
Sales Vol Growth
225.9%
Asset Value
$4,628,601,700
Net Absorption
-420,140 SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| 9800 Eternal Rings Dr (Part of a 2 Property Portfolio) | $120.1M | 109,450 | GI Partners |
| Data Center 1 | $26.8M | 214,000 | Buyer 1 Sansone Group | Buyer 2 Priseda |
| Data Center 2 | $2.0M | 12,000 | Buyer 1 Sansone Group | Buyer 2 Priseda |
| 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 |
| BTS | 40,000 | Not Disclosed | Berish Properties, Inc. |
| Data Center 1 | 75,000 | $23.55 - 28.78 (Est.) | Priseda |
Data Centre Development Potential
Moderate vacancy (5.2%) in Route 78/22 East suggests a balanced market with selective opportunities for data centre conversion or development. Negative absorption of 420K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.
Other Submarkets in Northern New Jersey - NJ USA
Evaluating Route 78/22 East 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.