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Princeton/Mercer County, New Jersey

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

Market Research provided by NAI Fennelly Associates, Inc.
Last Updated: 1-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) $ 35.00 $ 38.00 $ 26.00 3.0% 6.0%
Class A (Prime) $ 22.00 $ 38.00 $ 26.00 6.0% 6.0%
Class B (Secondary) $ 17.00 $ 23.00 $ 21.00 5.0% 7.0%
 
Suburban Office
New Construction (AAA) $ 31.00 $ 33.00 $ 32.00 17.0% 8.0%
Class A (Prime) $ 23.00 $ 29.00 $ 26.00 20.0% 9.0%
Class B (Secondary) $ 18.00 $ 24.00 $ 22.00 24.0% 9.5%
 
Industrial
Bulk Warehouse $ 2.00 $ 4.50 $ 3.00 15.0% 9.0%
Manufacturing $ 1.00 $ 3.00 $ 2.00 14.0% 10.0%
High Tech / R&D $ 4.00 $ 6.00 $ 5.00 16.0% 9.5%
 
Retail
Downtown $ 20.00 $ 40.00 $ 30.00 10.0% 6.0%
Neigborhood Service Centers $ 12.00 $ 18.00 $ 15.00 14.0% 8.0%
Community Power Center $ 10.00 $ 16.00 $ 13.00 14.0% 8.5%
Regional Malls $ 18.00 $ 39.00 $ 28.00 12.0% 8.0%

Development Land Low () High ()
Office in CBD $ 400,000 $ 600,000
Land in Office Parks $ 600,000 $ 800,000
Land in Industrial Parks $ 200,000 $ 275,000
Office/Industrial Land - Non-park $ 80,000 $ 150,000
Retail/Commercial Land $ 200,000 $ 800,000
Residential N/A N/A

 

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