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
Northern New Jersey’s overall vacancy has increased steadily from the historical lows seen during the pandemic, but at 7.1%, the rate remains well-below the national level. Demand for well-located, Class A product with high ceilings has been the main driver of leasing.
The Northern New Jersey office market is in a state of uneven recovery. Class A and trophy properties have been the beneficiary of a continued flight to quality. In most new leases, tenants have been shrinking their footprints.
Vacancy rates in the Meadowlands have held steady in recent quarters, settling at 6.1% at mid-year after peaking at 6.4% in early 2025. The limited pipeline of new deliveries over the past 18 months has been the primary reason with the only completed project so far this year.
Market Insights
Kim Kretowicz 2Q 2026 Monmouth County
Kim Kretowicz gives an inside look at the Monmouth County market and the investor interest a major new hospital development is expected to bring.
Patrick Lennon 2Q 2026
Senior Vice President Patrick Lennon explains why demand for small and shallow bay industrial space remains strong, with asking prices climbing and deals closing at record highs, as the subsector outpaces the broader market.
Kim Kretowicz 2Q 2026 Healthcare
Senior Vice President Kim Kretowicz discusses healthcare real estate market conditions, the challenges of repositioning office space for medical use, and why new development has slowed in New Jersey.
Christopher D. Todd 2Q 2026
Senior Managing Director of our Institutional Services Group, Christopher D. Todd, SIOR, discusses the strict criteria shaping institutional investors’ deals today, and why he expects activity to pick up toward the end of the year.
Jessica Curry 2Q 2026
Associate Vice President Jessica Curry, CCIM, covers how tariffs, gas prices and rising insurance costs are shaping midsize tenant decisions.
James Delmonte 2Q 2026 Industrial
Vice President & Director of Research James Delmonte breaks down the key takeaways from our newly released 2Q 2026 Industrial Report.
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.