• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
732-991-4439 [email protected]

Contact Us

Franzwa Real Estate Advisors LLC

Franzwa Real Estate Advisors LLC

  • Home
  • About
  • Brokerage Services
    • Tenant Representation
    • Lease, Purchase & Sale Negotiations
    • Occupancy Planning & Site Selection
    • Complimentary Consultation
    • Lease Abstract
  • Properties
    • Office
    • Life Sciences & Laboratory
    • Industrial & Flex
    • Medical Office
  • Market Trends & Insights
  • Testimonials

Current Industrial And Flex Market Conditions H2 2021

High demand has spurred developers to break ground on new projects at a record pace.  New construction, evident all along the NJ Turnpike and in your hometowns, is spec built for larger users.    Seven new industrial facilities were completed in NJ during just the second quarter of 2021, totaling 2.2 Million SF.  Those facilities were 98% pre-leased prior to completion.  Currently, there are 44 buildings under construction across the state totaling over 13.6 million SF, 28% of which is pre-leased.

  • Industrial real estate remains hot; Q2 2021 leasing activity was 13.4 Msf vs Q2 2020 just 10.2 Msf.
  • Driven by demand for Class A space.  90% of the top 10 transactions were Class A.  Overall 54% of transactions were Class A (7.2 Msf)
  • Availability is a historic low of 3.4% – shrinking from 4.1% in Q1 and 4.5% in Q2 2020.  Net absorption remained positive for the 34th consecutive quarter.
  • Average ask rent Q2 2021: $10.36/sf net, up from $10.05 in Q1 2021 and $9.07 in Q2 2020.  Average ask rent for Class A Industrial space is $13.45/sf, an unprecedented increase of 28% from Q1 2021.

Again, such high demand is coupled with a short list of rapidly changing available properties.  New opportunities continue to come on the market, but do not last long.  Tenants need a knowledgeable, capable and nimble broker in the market who can and will monitor availability to get the right space at the best terms.

Please call us for current availabilities that meet your needs.

Filed Under: Industrial & Flex

Primary Sidebar

Headquarters Office:

Franzwa Real Estate Advisors, LLC
Princeton Forrestal Village
116 Village Boulevard, Suite 304
Princeton, New Jersey  08540

Special Address For Confidential Mail:

Franzwa Real Estate Advisors, LLC
P.O. Box 1201
Highland Park, New Jersey  08904
Attention: Mary Franzwa Ryan

Footer

Contact Info

  • 732-991-4439
  • [email protected]
  • 116 Village Boulevard, Suite 304,
    Princeton, New Jersey 08540

Quick Links

  • About
  • Brokerage Services
  • Properties
  • Market Trends & Insights
  • Contact Us

Properties

  • Offices
  • Life Sciences & Laboratory
  • Industrial & Flex
  • Medical Office

Copyright © 2025 · Franzwa Real Estate Advisors LLC . Custom Web Design by JSMT Media