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Southern New Jersey

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

Market Research provided by NAI Mertz HQ
Last Updated: 30-Oct-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) N/A N/A N/A N/A N/A
Class B (Secondary) N/A N/A N/A N/A N/A
 
Suburban Office
New Construction (AAA) $ 21.00 $ 24.00 $ 22.50 N/A 10.5%
Class A (Prime) $ 21.00 $ 24.00 $ 22.00 13.0% 11.0%
Class B (Secondary) $ 10.00 $ 20.00 $ 14.50 13.0% 12.0%
 
Industrial
Bulk Warehouse $ 3.00 $ 5.00 $ 4.00 10.0% 11.0%
Manufacturing $ 3.00 $ 5.50 $ 4.25 10.0% 12.0%
High Tech / R&D $ 4.50 $ 12.50 $ 8.50 12.0% 12.0%
 
Retail
Downtown $ 10.00 $ 40.00 $ 25.00 7.0% N/A
Neigborhood Service Centers $ 12.00 $ 20.00 $ 16.00 16.0% 11.5%
Community Power Center $ 18.00 $ 38.00 $ 28.00 5.0% 10.5%
Regional Malls N/A N/A N/A N/A N/A

Development Land Low (Price/Acre) High (Price/Acre)
Office in CBD N/A N/A
Land in Office Parks $ 125,000 $ 250,000
Land in Industrial Parks $ 80,000 $ 165,000
Office/Industrial Land - Non-park $ 60,000 $ 125,000
Retail/Commercial Land $ 75,000 $ 300,000
Residential N/A N/A

 

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