Monmonth County Industrial Property
Monmouth County Quick Facts
Total Square Footage:
Monmouth County has Approximately 500 Industrial Buildings over 10,000 Square Feet. Total Market Size is over 18,000,000 Square Feet.
Ocean County has Approximately 250 Industrial Buildings over 10,000 Square Feet. Total Market Size is Just under 11,000,000 Square Feet. The Town of Lakewood (Lakewood Industrial Park) accounts for approximately 150 of these Industrial Buildings / 8,000,000 Square Feet.
Major Interconnected Highways:
Routes 9 and 18 allow easy access for trucking South of Turnpike Exits 9 / 10 / 11
Garden State Parkway (Exit 105 North- Cars Only; Exit 105 & Points South Allow Trucking)
Route 195 allows direct access to Turnpike Exit 7a / Trenton and Philadelphia Area
Monmouth/Ocean County Major Industrial Areas:
Eatontown- Industrial Way
Lakewood Industrial Park
Route 33 Corridor (Howell, Freehold, Marlboro)
Average Lease Rates:
Class A Industrial Warehouse and Distribution Space is available for lease approximately $6.75 – $7.25 per square foot base rent.
Older generation Industrial Warehouse, Distribution, and Manufacturing Space (18-24 Ft. Clear) is available for lease approximately $5.75 – $6.25 per square foot base rent.
The average Tax/CAM figure ranges from $2.25 – $3.00 per square foot
Average Sale Prices:
Class A Warehouse and Distribution space is available for sale in the $90 – 110 per square foot range.
Older generation Industrial Warehouse, Distribution and Manufacturing space (18-24 Ft Clear) is available for sale in the $70 – 90 per square foot range.
Ceiling Height, Loading, Office Area, Esthetics vary greatly and all contribute, on a case by case basis to specific valuation.
Top Industrial Neighbors:
CEI- Cosmetic Essence
United Natural Foods- Haddonhouse
Shore Point Distributors
IFF- International Flavors
International Vitamin Corp
Top 10 Employers:
RWJ Barnabas / Monmouth Medical Center
Visiting Nurse Association of Central NJ
Erickson Living Seabrook Village
Food Circus Supermarkets
The Port Authority of NY/NJ – http://www.panynj.gov/
Monmouth Chamber of Commerce – http://www.monmouthregionalchamber.com/
Monmouth County Economic Development – https://www.visitmonmouth.com/page.aspx?ID=129
With Over 30 Years Experience in the Monmonth County Market- We’ll Track Down the Building You Are Looking For.