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

The Northern New Jersey industrial market has entered a period of adjustment with slowly rising vacancy rates, stable asking rents and a decrease in speculative construction deliveries. Demand for high-quality space has been the main driver of activity.

Demand for premium and trophy space, driven by a continued flight to quality, has been the main catalyst for leasing activity. Older buildings continue to face challenges as tenants seek high-quality and amenity rich properties.

The increasing availability and sophistication of digital health platforms will empower people to take a more active and informed role in managing their care. This shift will likely lead to greater demand for personalized health solutions, convenient access to services, and transparent information about costs and quality.

After reaching a historical high of 6.7% a year ago, the vacancy rate in the Meadowlands stabilized over the last few months, closing the third quarter at 6.0%. The decline in the vacancy rate is partially attributable to a slowdown in the amount of new construction deliveries and steady leasing activity.
Market Insights
Jonathan Kristofich 3Q 2025
Vice President Jonathan Kristofich shares his insights on the current capital markets environment, the bid/ask gap between buyers and sellers, and why we’re in a strong buyer’s market.
Andrew Somple 3Q 2025
Senior Vice President Andrew Somple, SIOR gives an update on the northern New Jersey office market, return-to-office, and explains which amenities are most important for tenants today.
Christopher Todd 3Q 2025
Senior Managing Director of our Institutional Services Group Christopher Todd, SIOR gives an update on the northern New Jersey industrial outdoor storage market and explains why investors are looking to enter the space.
Jeff Garibaldi Jr. 3Q 2025
Executive Director Jeff Garibaldi Jr. talks talent and NAI James E. Hanson’s approach to building an industry-leading team while mentoring the next generation of CRE leaders.
Thomas A. Vetter 3Q 2025
Senior Vice President Thomas A. Vetter, SIOR discusses the lease renewal disconnect between landlords and tenants, and the concessions landlords are offering to bridge the gap.
James Delmonte 3Q 2025
Vice President & Director of Research James Delmonte gives us a breakdown of the key takeaways from our newly released 3Q 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.







