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Middlesex/Somerset Counties, New Jersey

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

Market Research provided by NAI DiLeo-Bram & Co.
Last Updated: 23-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) $ 24.00 $ 29.00 $ 25.00 30.0% N/A
Class A (Prime) $ 18.00 $ 24.00 $ 20.00 21.0% N/A
Class B (Secondary) $ 14.00 $ 18.00 $ 15.00 20.0% N/A
 
Industrial
Bulk Warehouse $ 2.50 $ 4.75 $ 3.50 14.0% N/A
Manufacturing $ 2.50 $ 5.00 $ 3.50 6.0% N/A
High Tech / R&D $ 6.00 $ 12.00 $ 8.00 7.0% N/A
 
Retail
Downtown $ 14.00 $ 25.00 $ 20.00 8.0% N/A
Neigborhood Service Centers $ 12.00 $ 22.00 $ 17.00 10.0% N/A
Community Power Center $ 16.00 $ 25.00 $ 22.00 10.0% N/A
Regional Malls $ 30.00 $ 60.00 $ 50.00 7.0% N/A

Development Land Low (Price/Acre) High (Price/Acre)
Office in CBD N/A N/A
Land in Office Parks $ 200,000 $ 350,000
Land in Industrial Parks $ 150,000 $ 250,000
Office/Industrial Land - Non-park $ 150,000 $ 250,000
Retail/Commercial Land $ 150,000 $ 800,000
Residential $ 25,000 $ 150,000

 

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