About |
Offices |
People |
News |
Contact |
REALTrac™ |
Market Research

Properties
 


Ocean/Monmouth Counties ("Shore Market"), New Jersey

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

Market Research provided by NAI Atlantic Coast Realty
Last Updated: 30-Nov-2009		 Market Overview
Print This Page
Market Research

* Click on each category for a detailed definition.
Low High Effective Avg. Vacancy Investment Yield
Downtown Office
New Construction (AAA) $ 31.00 $ 35.00 $ 34.00 11.0% 8.3%
Class A (Prime) $ 31.00 $ 35.00 $ 34.00 11.0% 8.3%
Class B (Secondary) $ 20.00 $ 28.00 $ 26.00 14.0% 8.5%
 
Suburban Office
New Construction (AAA) $ 30.00 $ 35.00 $ 33.50 11.0% 8.3%
Class A (Prime) $ 21.00 $ 32.00 $ 27.50 11.0% 8.3%
Class B (Secondary) $ 19.00 $ 24.00 $ 22.50 14.0% 8.5%
 
Industrial
Bulk Warehouse $ 3.00 $ 6.00 $ 5.25 11.0% 7.8%
Manufacturing $ 3.50 $ 7.00 $ 4.75 11.0% 8.0%
High Tech / R&D $ 5.00 $ 9.00 $ 6.25 12.0% 8.3%
 
Retail
Downtown $ 22.00 $ 30.00 $ 24.50 12.0% 7.9%
Neigborhood Service Centers $ 20.00 $ 27.00 $ 22.50 7.0% 7.1%
Community Power Center $ 20.00 $ 26.00 $ 21.50 8.0% 7.4%
Regional Malls $ 45.00 $ 100.00 $ 65.00 7.0% 7.0%

Development Land Low () High ()
Office in CBD $ 20 $ 40
Land in Office Parks $ 150,000 $ 350,000
Land in Industrial Parks $ 75,000 $ 300,000
Office/Industrial Land - Non-park $ 125,000 $ 450,000
Retail/Commercial Land $ 200,000 $ 500,000
Residential $ 75,000 $ 250,000

Footnote: Office in CBD quoted on per FAR basis. Downtown and Suburban office inventories are "combined" due to small urban pockets.
 

Home | Contact Us | Privacy Policy | Site Admin Build on the power of our network™ 1 609 945 4000
NAI Global® is not affiliated with the Appraisal Institute®, or its MAI designation.