Market Intelligence Insights & Information
NAI James E. Hanson provides property statistics, demographic information, economic analysis, and comprehensive market intelligence for the Northern & Central New Jersey real estate markets. The information is gathered by NAI professionals and compiled in our quarterly industrial, office and medical office reports.
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2025 Market Reports
Northern New Jersey’s industrial market continued to shift from a period of hyper-growth to a more balanced phase during 2025. The market’s fundamentals remain strong with steady vacancy and superior quality assets still commanding high rents.
The major theme for much of the year was the continued ‘Flight to Quality’. Leasing activity was largely driven by tenants looking to upgrade occupancy to class ‘A’ and trophy properties. Both sales and investment activity remain very strong. Investors and developers are aggressively looking to buy office properties for redevelopment to higher and better use.
After reaching a historical high of 6.7% a year ago, the vacancy rate in the Meadowlands was relatively stable for much of the year, ending at 6.4%. A slowdown in the amount of new construction has allowed the vacancy rate to level.
Market Insights
Michael Walters 4Q 2025 Retail as an Amenity
Michael G. Walters, SIOR gives an update on the retail leasing landscape, and why on-site retail at properties like Print House in Hackensack is a key component of today’s luxury multifamily communities.
Hovannes Bakalian 4Q 2025
Property Manager Hovannes Bakalian discusses why property owners need to keep ESG & sustainability front-of-mind in 2026 and beyond.
Michael Walters 4Q 2025 Office Market Trends
Michael G. Walters, SIOR discusses the current trends shaping the office market, both here in New Jersey and nationally.
James Delmonte 4Q 2025 Absorption
Our Vice President & Director of Research James Delmonte dives deeper into net absorption, as he explains why the absorption rate is one of the strongest indicators of the health of the market.
Michael Walters 4Q 2025 Industrial Pricing
Executive Managing Director, Corporate Services Michael G. Walters, SIOR covers pricing in the Northern and Central New Jersey industrial market.
James Delmonte 4Q 2025 Market Insights
Our Vice President & Director of Research James Delmonte breaks down the key takeaways from our newly released 4Q 2025 Industrial Report.
Monthly Economic Indicators
The 10-Year Treasury Yield was down quarter-over-quarter finishing at 4.24%. Comparatively, the rate was 4.20% at the same time last year.
The unemployment rate moved higher during the first three months of the year, up to 4.20%, despite the addition of 228,000 jobs in March.
The annual consumer price index fell to 2.4% in March, down from 2.8% in February.
GDP slowed in the first quarter, down -0.30% amid concern about tariffs and a potential disruption of the U.S. economy.
News & Information
SOLD! Representing the seller, Michael Walters, SIOR and Cameron Silverstein recently negotiated the sale of 5 adjacent lots in Boonton/Parsippany, NJ.
What does the future hold for healthcare real estate? Vice President Randy Horning – CRE Advisor highlights the resilience that can be found among economic challenges.