Warehouse Space in Somerset

Somerset Warehouses Available for Lease

Somerset, NJ Warehouse Space for Rent.

Somerset, New Jersey is a bustling hub for businesses seeking warehouse space for rent. Situated in the heart of the Northeast Corridor, it offers prime access to major transportation routes and a robust labor force. Warehouses in Somerset range from modern, high-bay facilities to flexible spaces designed to meet diverse storage and distribution needs. With its strategic location, ample infrastructure, and competitive rental rates, Somerset is an ideal choice for businesses seeking cost-efficient and accessible warehouse space in a thriving commercial environment.

Benefits of Somerset's, Industrial Market.

Somerset County's industrial market offers numerous advantages for businesses seeking warehouse space for rent:

• Central Location: Somerset's strategic location in Central New Jersey provides easy access to major highways and transportation hubs, including the New Jersey Turnpike, Interstate 287, and the Raritan Valley Line.
• Skilled Workforce: Somerset County boasts a highly educated and skilled workforce, ensuring businesses can find qualified employees.
• Competitive Lease Rates: Compared to other industrial markets in the region, Somerset offers competitive lease rates, making it an attractive option for businesses seeking cost-effective warehousing solutions.
• Proximity to Major Markets: Somerset County is situated within close proximity to major markets such as New York City, Philadelphia, and Baltimore, providing businesses with access to vast consumer bases and supply chains.
• Abundant Warehouse Space: Somerset County offers a substantial inventory of warehouse space, ranging from small flex spaces to large distribution centers, meeting the diverse needs of businesses.
• State-of-the-Art Facilities: Many warehouses in Somerset County are equipped with modern amenities, including dock-high loading, high ceilings, and efficient lighting systems, which enhance operational efficiency and productivity.
• Favorable Business Environment: Somerset County provides a supportive business environment with tax incentives, workforce development programs, and access to business resources, fostering growth and profitability for businesses.
• Excellent Infrastructure: Somerset County benefits from a well-developed infrastructure, including utilities, fiber optic connections, and road networks, ensuring seamless business operations and connectivity.

Why Somerset is a Great Place to Locate a Business.

Somerset, New Jersey offers a prime location for businesses seeking warehouse space for rent.

• Central Location: Somerset is strategically located in the heart of the Northeast Corridor, providing easy access to major markets in New York, Philadelphia, and beyond.
• Transportation Hub: The region is well-connected by highways, railways, and airports, ensuring efficient distribution and logistics operations.
• Skilled Workforce: Somerset boasts a highly skilled workforce with experience in various industries, supporting efficient warehouse management and operations.
• Affordable Costs: Compared to neighboring metropolitan areas, warehouse space in Somerset is competitively priced, reducing operating expenses for businesses.
• Abundant Inventory: Somerset offers a wide selection of warehouse facilities, ranging from small distribution centers to large-scale fulfillment centers.
• Proximity to Ports: The Port of Newark and Elizabeth is just a short distance away, facilitating seamless international trade and logistics.
• Incentives and Support: Local and state governments provide incentives and support programs to encourage business growth and development in Somerset.

Key Industries in Somerset.

• Healthcare: Home to pharmaceutical giants like Johnson & Johnson and Merck
• Finance: Hub for financial services companies such as Merrill Lynch and General Re
• Technology: Growing tech sector with companies like Fujitsu and Oracle
• Biotechnology: Research and development center for life science and biotechnology companies
• Distribution and Logistics: Prime location for distribution hubs due to proximity to major highways and ports
• E-Commerce: Fulfillment center destination for major online retailers
• Manufacturing: Industrial manufacturing facilities for diverse industries including pharmaceuticals and chemicals

Demographics.

• Population: 34,596
• Median Age: 40
• Median Household Income: $110,000
• Education: 60.3% of residents have a bachelor's degree or higher.

Market Statistics.

• Vacancy Rate: 7.5%
• Average Asking Rents: $12.50/SF/YR
• Total Inventory: 11,082,985 sq. ft.