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Northern New Jersey

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI James E. Hanson HQ
Last Updated: 6-Nov-2009		 Market Overview
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Market Research

* Click on each category for a detailed definition.
Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) N/A N/A N/A N/A N/A
Class A (Prime) $ 22.00 $ 40.50 $ 28.00 12.0% N/A
Class B (Secondary) $ 13.00 $ 27.00 $ 25.00 20.0% N/A
 
Suburban Office
New Construction (AAA) N/A N/A N/A N/A N/A
Class A (Prime) $ 17.00 $ 50.50 $ 28.00 20.0% N/A
Class B (Secondary) $ 13.00 $ 25.00 $ 22.00 16.0% N/A
 
Industrial
Bulk Warehouse $ 2.70 $ 9.50 $ 6.10 12.0% N/A
Manufacturing $ 2.25 $ 6.50 $ 5.75 11.0% N/A
High Tech / R&D $ 6.50 $ 16.00 $ 9.30 11.0% N/A
 
Retail
Downtown $ 11.00 $ 45.00 $ 26.00 9.7% N/A
Neigborhood Service Centers $ 13.00 $ 27.00 $ 19.50 7.7% N/A
Community Power Center $ 12.50 $ 26.00 $ 20.00 5.1% N/A
Regional Malls $ 30.00 $ 60.00 $ 50.00 3.8% N/A

Development Land Low () High ()
Office in CBD N/A N/A
Land in Office Parks $ 250,000 $ 600,000
Land in Industrial Parks $ 125,000 $ 500,000
Office/Industrial Land - Non-park $ 100,000 $ 500,000
Retail/Commercial Land $ 550,000 $ 2,000,000
Residential $ 200,000 $ 1,000,000

 

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