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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: 3-Nov-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) $ 36.00 $ 40.00 $ 33.50 2.0% 6.0%
Class A (Prime) $ 32.00 $ 38.00 $ 35.00 3.0% 6.0%
Class B (Secondary) $ 18.00 $ 25.00 $ 23.50 5.0% 6.0%
 
Suburban Office
New Construction (AAA) $ 31.00 $ 34.00 $ 37.50 8.0% 7.0%
Class A (Prime) $ 27.00 $ 32.00 $ 28.50 13.0% 7.5%
Class B (Secondary) $ 18.00 $ 25.00 $ 23.00 22.0% 9.0%
 
Industrial
Bulk Warehouse $ 4.00 $ 4.50 $ 4.25 14.0% 7.0%
Manufacturing $ 2.00 $ 3.50 $ 2.85 12.0% 10.0%
High Tech / R&D $ 18.00 $ 30.00 $ 24.00 15.0% 10.0%
 
Retail
Downtown $ 18.00 $ 40.00 $ 29.00 4.0% 6.5%
Neigborhood Service Centers $ 14.00 $ 25.00 $ 19.00 14.0% 9.0%
Community Power Center $ 14.00 $ 22.00 $ 18.00 13.0% 8.0%
Regional Malls $ 18.00 $ 29.00 $ 23.50 9.0% 7.5%

Development Land Low () High ()
Office in CBD $ 400,000 $ 1,000,000
Land in Office Parks $ 250,000 $ 500,000
Land in Industrial Parks $ 150,000 $ 300,000
Office/Industrial Land - Non-park $ 75,000 $ 125,000
Retail/Commercial Land $ 180,000 $ 220,000
Residential $ 125,000 $ 600,000

 

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