New Jersey Retail Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Lee Associates, Cushman & Wakefield, Colliers, Matthews
Quarterly retail market indicators for New Jersey, aggregated by PropZone from Lee Associates, Cushman & Wakefield, Colliers, Matthews. As of Q1 2026, average asking rent was — with a 10.7% vacancy rate.
Projected current retail pricing — New Jersey
low confidenceProjected asking rent
$54.00/SF/yr
Estimated sale value
$404–$509/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 8.0%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | — | 10.7% | 1.7M SF | — | Lee Associates |
| Q1 2026 | $54.00/SF | — | 160K SF | — | Cushman & Wakefield |
| Q1 2026 | — | 4.1% | 0K SF | — | Colliers |
| Q4 2025 | — | 10.7% | — | — | Matthews |
Frequently asked questions
- What is the average asking rent for retail space in New Jersey?
- PropZone aggregates retail asking-rent data for New Jersey from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the retail vacancy rate in New Jersey?
- The retail vacancy rate in New Jersey was 10.7% as of Q1 2026 (Lee Associates).
- Where does PropZone's New Jersey market data come from?
- This report aggregates quarterly retail market data for New Jersey from Lee Associates, Cushman & Wakefield, Colliers, Matthews.
Looking for active inventory? Browse retail listings, read how to buy retail property, see interactive market trends, or estimate a property's rent or price.