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
Vacancy rates continue to rise in most submarkets. After reaching a historical low of 2.0% in 2022, the overall rate has slowly but consistently risen, reaching 5.9% at mid-year.
Statistically, there was little change in the New Jersey office market during the first six months of the year, with vacancy and rents remaining relatively flat. Leasing activity, meanwhile, has largely been driven by a flight to quality.
Several factors, including technological advances and population shifts, are reshaping the healthcare real estate market.
The Meadowlands was only one of five submarkets in Northern New Jersey that posted positive absorption at mid-year. The vacancy rate in the Meadowlands eased a bit during the first half of the year, closing at 5.9%, down from 6.3% at the same time last year.
Market Insights
Vice President & Director of Research James Delmonte
James Delmonte kicks off this quarter’s video series with a breakdown of the key takeaways from our newly released 2Q 2025 Industrial Report.
Senior Vice President, Global Supply Chain, Ports & Rail Logistics Practice Steve Pastor
Steve Pastor talks tariffs and their implications for the commercial real estate industry.
Vice President Brian Cass
Brian Cass breaks down the growing divide between office property types.
Vice President Patrick Lennon
Patrick Lennon gives an overview of the small bay industrial market and details why it’s become a focus for institutional investors.
Vice President Randy Horning, SIOR, MSRE
Randy Horning explains how continued economic uncertainty is affecting the healthcare real estate market.
Senior Vice President Jeff Garibaldi Sr.
Jeff Garibaldi Sr. discusses the importance of creating an experience at today’s office buildings.
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.