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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2026 Market Reports
Trends in the Northern New Jersey industrial market remained relatively unchanged in the first quarter of 2026. Over the last year supply and demand have become more balanced in the overall market but there are areas of strength. High-quality Class A assets with high ceilings are in demand as the number of large leases in these properties has increased.
Year-over-year, the vacancy rate dropped, closing at 25.7%, down a full percentage point from the same time last year, while asking rents were mostly flat. Leasing is being sustained by renewals and a continued flight to quality.
After reaching 6.4% a year ago, the vacancy rate in the Meadowlands dropped to 6% at the end of the first quarter amid sustained leasing and a slowdown in new construction. At the end of the first quarter, the Meadowlands was the only submarket in Northern New Jersey with overall average asking rates over $16.00 per square foot.
Market Insights
James Delmonte 1Q 2026 Data Industrial
Vice President & Director of Research James Delmonte breaks down the key takeaways from our newly released 1Q 2026 Industrial Report.
Steve Pastor 1Q 2026 Data Centers
Senior Vice President, Global Supply Chain, Ports, & Rail Logistics Practice, Steve Pastor, explains how rising demand for data centers and advanced manufacturing is driving new energy needs and influencing site selection and investment decisions.
Dominic Fittizzi 1Q 2026 Industrial
Vice President Dominic Fittizzi talks supply and demand in the Northern New Jersey industrial market and discusses why some developers are having trouble bringing new projects to fruition.
Giovanni Ramaci 1Q 2026 AI
Associate Giovanni Ramaci highlights the importance of building and maintaining strong relationships as AI becomes more widely used across the industry.
Anthony Cassano 1Q 2026 Retail
Vice President Anthony Cassano discusses the challenges facing today’s retail market, the keys to finding success, and how NAI James E. Hanson’s platform provides a competitive advantage.
Anthony Cassano 1Q 2026 Office
Vice President Anthony Cassano shares his insights on the office market, including evolving workplace dynamics, demand for smaller spaces, and the value of working with a trusted office specialist.
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.