8 нояб. 2024 г. · View how the Northern New Jersey multifamily market has developed, including trends like construction and sales activity.

The prime commuter market posted an average effective rent nearly 70% lower than New York-White Plains during the fourth quarter of 2023, making it a haven for ...

Find out the latest economic and multifamily trends impacting the Northern New Jersey metro. Includes graphs and forecasts for the employment market and ...

The average deal size was 4,154 SF during the third quarter of 2024, an average of 636 SF higher than the prior quarter. Overall asking rents stood at $31.33/SF ...

The submarket has been a hotspot for apartment development, with the inventory of market- rate units rising more than 49% in the last decade. Beyond the ...

Stabilized apartment vacancy rates averaged 5.8 percent in. 1Q2024, up from 5.2 percent a year ago. Because of the surging number of completions expected in ...

Median sales rose 11% ending at $836,000. This quarter, closed sales saw a significant 36% decrease with 191 transactions versus 297 during the same period last.

According to CBRE, multifamily cap rates on A class properties expanded slowly from 4.63% in 2023 to 5.07 during the first quarter of 2024 and then remained ...

The largest number of luxury apartments will come online in Hudson County. This submarket's population growth is on track to double all other counties in ...

The delivery of. 2,700 apartments in the first quarter puts the market on track to welcome 13,400 units this year, just shy of the record set in 2017. This.