West Newark
Northern New Jersey - NJ USA - Industrial Submarket
Industrial real estate intelligence for the West Newark submarket. 21.5M SF of inventory with 4.9% vacancy. Data sourced from various MLS platforms.
21.5MSF
Inventory
1.2MSF
Available
4.9%
Vacancy
5.7%
Availability Rate
$18.07
Asking Rent
3.3%
Rent Growth
347KSF
12mo Absorption
0SF
Under Construction
Market Metrics
12mo Delivered
75K SF
Under Constr % of Inv
0.0%%
Sale Price/SF
$182
Cap Rate
6.7%%
12mo Sales Volume
$384,529,364
Sales Vol Growth
1002.6%
Asset Value
$3,915,279,444
Net Absorption
+347K SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| Lincoln Rackhouse Aurora Data Center | $17.3M | 70,000 | US Signal |
| 201 Centennial Ave | $11.0M | 64,698 | Chirisa Technology Parks |
| 8425 N 114th St | $2.6M | 232,663 | |
| Fort Worth Data Center/DFW1 | - | 133,298 | CSquare |
| Houston One | - | 118,248 | Safanad |
Available DC Space in Market
| Property | Avail SF | Rent | Owner |
|---|---|---|---|
| 31 Farinella Dr | 48,235 | $12.40 - 15.16 (Est.) | New Vernon Equities |
| Building D | 20,678 | $10.86 - 13.27 (Est.) | Entrada Partners |
| The Falchi Building | 272,217 | $23.00 | Savanna Real Estate Fund |
| 1800 NW 69th Ave | 37,500 | $15.50 | AccuPlace |
| McHenry Corporate Center IV | 42,811 | $6.00 - 12.50 | Gold Drop |
Data Centre Development Potential
Moderate vacancy (4.9%) in West Newark suggests a balanced market with selective opportunities for data centre conversion or development. Positive net absorption of 347K SF over the past 12 months signals healthy demand fundamentals.
Other Submarkets in Northern New Jersey - NJ USA
Evaluating West Newark for Development?
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Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.