Q1 2026 Northern and Central NJ Industrial Figures

The Northern and Central New Jersey industrial markets opened 2026 with exceptional momentum. Leasing activity surged to record levels, fueled by robust third-party logistics (3PL) activity, renewed e-commerce engagement, and a sustained flight to quality that drove another strong quarter of Class A absorption.

At the same time, vacancy ticked higher as unleased completions and soft net absorption in legacy inventory offset the strength of deal activity. Construction starts slowed, though several projects are poised to advance in the coming months, setting the stage for a more active development pipeline in Q2.