Asking rents and vacancy by Newmark submarket
Northern NJ overall: $16.36/SF average asking rent, NNN; 5.7% vacancy; 317.4 million SF of inventory (Newmark, 3Q 2026). Source
Bergen Central (Bergen County area): $16.58/SF average asking rent, NNN; 7.1% vacancy. Source
Bergen Northeast (Bergen County area): $13.77/SF average asking rent, NNN; 1.9% vacancy. Source
Bergen Northwest (Bergen County area): $15.77/SF average asking rent, NNN; 4.7% vacancy. Source
Newark (Essex County area): $18.37/SF average asking rent, NNN; 4.7% vacancy. Source
Route 280/Suburban Essex (Essex County area): $15.95/SF average asking rent, NNN; 5.3% vacancy. Source
Hudson Waterfront (Hudson County area): $19.50/SF average asking rent, NNN; 8.4% vacancy. Source
Meadowlands (Hudson County area): $17.78/SF average asking rent, NNN; 5.6% vacancy. Source
Morris East (Morris County area): $16.94/SF average asking rent, NNN; 6.8% vacancy. Source
Morris West (Morris County area): $17.14/SF average asking rent, NNN; 6.6% vacancy. Source
Paterson/Passaic (Passaic County area): $14.17/SF average asking rent, NNN; 5.7% vacancy. Source
Route 46/23 Corridor (Passaic County area): $14.02/SF average asking rent, NNN; 4.1% vacancy. Source
Linden/Elizabeth (Union County area): $17.38/SF average asking rent, NNN; 6.3% vacancy. Source
Union Central (Union County area): $14.77/SF average asking rent, NNN; 3.6% vacancy. Source
What the three research firms say
Newmark: average asking rents eased to $16.43/SF in 3Q26, down 1.9% from the 2025 average and 4.3% below the 2024 peak of $17.17/SF; Class A at $18.75/SF, a $3.55/SF premium over Class B; rents forecast at $17.24/SF in 2027 and $18.10/SF in 2028. Source
Matthews: $16.59/SF asking rent, up 1.1% year over year; 6.2% vacancy; Route 23/I-287 tightest at 3.0%. Source
NAI James E. Hanson: overall asking about $14.00/SF and Class A $16.04/SF; Ports 6.1% vacancy, Meadowlands 6.6%, Route 46/23/3 5.9%. Source
The firms use different submarket boundaries and building sets, so compare figures within one source rather than across sources.
Lease rates by county
Frequently asked questions
How much does it cost to lease a warehouse in northern NJ?
Newmark’s 3Q 2026 average asking rent is $16.36/SF NNN for Northern NJ. On top of base rent, NNN tenants pay their share of taxes, insurance and maintenance.
Which northern NJ submarket has the highest warehouse rents?
Hudson Waterfront, at $19.50/SF average asking rent in Newmark’s 3Q 2026 report.
Are warehouse rents rising or falling?
Newmark says asking rents eased in 2026 and forecasts growth in 2027 and 2028; Matthews reports a 1.1% year-over-year rise on its definition.
Talk to AcreX
Book a consultation with Jonathan Libock · Call (201) 694-6463 · AcreX Commercial Real Estate, 307 Bloomfield Ave, Caldwell, NJ 07006
