What landlord representation includes
Pricing: an asking rent based on your Newmark submarket, building class and features, with the reasoning shown.
Marketing: listing on the major commercial listing services, signage, broker outreach and a property page.
Tenant screening: use, credit, power, parking and zoning fit checked before tours.
Negotiation: rent, escalations, term, free rent, tenant improvements and NNN cost recovery.
Renewals and re-tenanting: planning well before a lease expires.
Northern NJ industrial market, 3Q 2026
Average asking rents by Newmark submarket. Asking rents are averages across all building classes and are not achieved rents.
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
Newmark reports Class A asking rents of $18.75/SF in 3Q26, a $3.55/SF premium over Class B, and says occupiers keep prioritizing higher clear heights and modern specs. Source
Landlord representation by county
Frequently asked questions
What is landlord representation?
A broker who works for the property owner to price, market and lease the space, and to negotiate the lease terms on the owner’s side.
What are warehouse rents in northern NJ right now?
Newmark reports a Northern NJ average asking rent of $16.36/SF NNN with 5.7% vacancy in 3Q 2026. Submarkets range from $13.77/SF (Bergen Northeast) to $19.50/SF (Hudson Waterfront).
Who pays the broker when I lease my building?
It depends on the listing agreement you sign. In New Jersey a broker can only enforce a commission agreement that is in writing (N.J.S.A. 25:1-16), so the fee, who pays it and when it is earned should all be spelled out before marketing starts. AcreX explains its fee structure in the consultation.
How long does it take to lease a warehouse?
It varies with size, condition, price and the submarket’s vacancy. Tight submarkets such as Bergen Northeast (1.9% vacancy) or Union Central (3.6%) usually have more tenants competing for less space than Hudson Waterfront (8.4%). Newmark 3Q 2026.
Talk to AcreX
Book a consultation with Jonathan Libock · Call (201) 694-6463 · AcreX Commercial Real Estate, 307 Bloomfield Ave, Caldwell, NJ 07006
