ACREX · CALDWELL, NJ
Industrial Property Management in New Jersey
Warehouse and industrial property management for 3% of rent collected, in northern NJ.
For owners of warehouses, flex buildings, truck terminals and multi-tenant industrial parks in northern New Jersey. AcreX manages industrial property directly for 3% of rent collected, with Jonathan Libock as the responsible broker.
What industrial management costs
Typical industrial base fee: about 2–4% of collected rent (Property Perfected; Piping Rock Partners). Leasing, construction oversight and repair markups are often billed on top, so ask for a complete fee schedule.
AcreX industrial fee: 3% of rent collected. No setup fee, no repair markup, no upfront fees. Cancel any time after 90 days. In New Jersey commissions are negotiable.
Example: 50,000 SF leased at $16.58/SF NNN (Newmark’s 3Q 2026 Bergen Central average asking rent) collects $69,083 a month; AcreX’s 3% fee is $2,072 a month.
What management includes
Rent collection and arrears follow-up
Owner statements and reporting
Lease administration: renewal dates, escalations
CAM, tax and insurance reconciliations for NNN leases
Vendor and maintenance coordination and inspections
Leasing vacant space, billed at the leasing rates on the AcreX fees and commission calculator
Questions to ask any industrial manager
Is the fee on collected or billed rent, and what is billed on top (leasing, construction oversight, markups)?
How are NNN reconciliations for taxes, insurance and CAM prepared, and when do tenants receive them?
How are roof, paving, dock equipment and sprinkler inspections scheduled and reported?
How are tenant certificates of insurance and lease renewal dates tracked?
Where is rent held, and how fast is it deposited and paid out?
The northern NJ industrial market, Q3 2026
Average asking rent $16.36/SF NNN with 5.7% vacancy (Newmark 3Q26). Average cap rate 6.36% and $214/SF pricing (Matthews). Submarket rents: northern NJ warehouse lease rates.
How your money is handled (New Jersey rules)
Rent and other funds a broker collects for an owner must be held in a separate trust account at a New Jersey bank and deposited within five business days (N.J.A.C. 11:5-5.1).
Collecting rent for others is licensed brokerage work in New Jersey (N.J.S.A. 45:15-3), so AcreX does it under its broker license.
Records of all funds are kept for at least six years (N.J.A.C. 11:5-5.4).
Related
Property management by county: Essex · Bergen · Hudson · Morris · Passaic · Union
Questions owners ask
How much does industrial property management cost in NJ?
Industrial management typically runs about 2–4% of collected rent (Property Perfected; Piping Rock Partners). AcreX charges 3% of rent collected for industrial property, with no setup fee and no repair markup.
Is the management fee on gross or collected rent?
AcreX charges on rent actually collected, so there is no fee on rent a tenant doesn’t pay.
Can the management fee be passed through to NNN tenants?
Often, if the lease allows it as part of operating expenses or CAM. Check your lease.
Does AcreX lease vacant warehouse space too?
Yes. Leasing is billed separately at AcreX’s published leasing rates: 5% of total base rent for years 1–5 and 2.5% after, with 4% and 2% on space above 50,000 SF. In New Jersey commissions are negotiable.
Does AcreX manage properties itself?
Yes. AcreX manages properties directly, under its New Jersey broker license, with Jonathan Libock as the responsible broker.
More owner questions: AcreX FAQ.
About the broker
Jonathan Libock is the founder and principal broker of AcreX Commercial Real Estate in Caldwell, NJ. He has a decade of experience in commercial real estate, including time at DR Properties, a New York City development brokerage. He specializes in industrial and multifamily land development and also works on development sites in Southeast Florida. Licensed real estate broker in New Jersey (#1757237) and Florida (#BK3462244). AcreX Realty LLC, Licensed Real Estate Broker. Licensure does not imply endorsement.
AcreX Realty LLC is a licensed NJ commercial real estate broker with published fees, at 307 Bloomfield Ave, Caldwell, NJ 07006. General information, not legal or tax advice.