Northern New Jersey Industrial Market

Northern New Jersey is one of the most dynamic industrial real estate markets in the United States, anchored by its proximity to the Port of New York and New Jersey, Newark Liberty International Airport, and the densely populated consumer markets of the greater New York metropolitan area. The region encompasses Union, Essex, Bergen, Passaic, and Hudson counties, and is home to some of the nation's largest distribution, logistics, and last-mile fulfillment operations. The market benefits from exceptional transportation infrastructure including the NJ Turnpike, I-78, I-80, I-280, and the Pulaski Skyway, providing tenants with direct connectivity to the Northeast corridor and beyond.

Demand for modern Class A industrial space in Northern New Jersey has consistently outpaced supply, driven by the explosive growth of e-commerce fulfillment, the critical importance of port-proximate distribution, and the region's access to over 22 million consumers within a two-hour drive. The submarket surrounding Port Newark-Elizabeth Marine Terminal is particularly constrained, with limited developable land and strong institutional demand for last-mile and import/export distribution facilities. Vacancy rates for Class A product in this corridor have remained among the lowest in the country, and asking rents have appreciated significantly over the past five years.

Sanprinon Properties actively pursues development opportunities in the Northern New Jersey market, where port-adjacent infrastructure commands a premium and modern Class A space remains in short supply.