Colliers — Balanoff Industrial Team  |  Q1 2026 Briefing

Northeast Industrial Market Dashboard

Nine-market read on demand, supply, and pricing across the Northeast corridor  |  Q1 2026
Balanoff Industrial Team | Colliers

Regional Snapshot

Q1 2026  ·  Nine Markets
* New Jersey reports on availability rate — a broader metric that includes all space being actively marketed, including occupied space with near-term availability. All other markets in this report use vacancy rate (currently unoccupied space only).
Q1 Net Absorption by Market (MSF)
Green = positive  ·  Blue = negative  ·  Sorted high to low
Vacancy Rate by Market
Sorted tightest to loosest  ·  * NJ = availability rate
Average Asking Rent ($/SF NNN)
Green = growing YoY  ·  Blue = declining YoY

Market Scoreboard

All 9 Markets  ·  Side-by-Side
* NJ reports availability rate. All other markets report vacancy rate.
How to Read

Markets sorted by vacancy/availability rate, tightest first. Rent YoY: green = growing, blue = declining. Absorption: positive = net occupancy gains; negative = tenants returning more space than they are absorbing.

Northeast Industrial — Q1 2026 Scoreboard
Nine markets  ·  All key metrics
MarketGeographyInventory (MSF) Vac / Avail *Avg Rent ($/SF) Rent YoYQ1 Absorption Under Const.Signal
Vacancy Rate — Tightest to Loosest
NJ and Maryland are the key markets to watch
Rent Growth YoY (%)
NJ leads YoY  ·  Pittsburgh sees strongest growth
Inventory Size (MSF)
NJ and Philadelphia dominate at regional scale

Market Deep Dive

Select a Market

Rents & Pricing

NNN Asking Rates  ·  YoY Change
Highest Rent Market
$16.30
New Jersey  ·  -2.1% YoY
Strongest Rent Growth
+1.1%
Pittsburgh  ·  $7.92/SF NNN
Sharpest Rent Decline
-2.1%
New Jersey  ·  $16.30/SF NNN
Lowest Rent Market
$11.08
Philadelphia  ·  $11.08/SF NNN
Rent YoY Change (%)
Pittsburgh leads  ·  NJ at -2.1% is the sharpest decline
Rent × Vacancy — All Markets
Where each market sits on the rent and utilization spectrum
MarketAvg Rent ($/SF NNN) Vacancy Rate *Rent YoY Inventory (MSF)
* NJ reports availability rate. All other markets report vacancy rate.