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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: 27-Oct-2010
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) $ 24.00 $ 28.00 $ 25.00 N/A N/A
Class A (Prime) $ 21.00 $ 24.00 $ 22.00 11.0% N/A
Class B (Secondary) $ 10.00 $ 20.00 $ 14.50 13.0% N/A
 
Industrial
Bulk Warehouse $ 2.25 $ 4.50 $ 3.65 11.0% N/A
Manufacturing $ 2.50 $ 4.75 $ 4.25 12.0% N/A
High Tech / R&D $ 5.50 $ 9.75 $ 7.50 13.0% N/A
 
Retail
Downtown $ 10.00 $ 35.00 $ 18.00 11.0% N/A
Neigborhood Service Centers $ 10.00 $ 20.00 $ 15.00 12.0% N/A
Community Power Center $ 18.00 $ 38.00 $ 28.00 8.0% N/A
Regional Malls N/A N/A N/A N/A N/A

Development Land Low () High ()
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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