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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: 22-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) $ 26.00 $ 33.00 $ 26.00 N/A .1%
Class A (Prime) $ 23.00 $ 33.00 $ 25.00 12.0% .1%
Class B (Secondary) $ 19.50 $ 28.00 $ 24.00 14.0% .1%
 
Suburban Office
New Construction (AAA) $ 26.00 $ 33.00 $ 26.00 11.0% .1%
Class A (Prime) $ 23.00 $ 33.00 $ 25.00 13.2% .1%
Class B (Secondary) $ 19.50 $ 28.00 $ 24.00 15.6% .1%
 
Industrial
Bulk Warehouse $ 4.00 $ 6.00 $ 5.25 9.4% .1%
Manufacturing $ 4.50 $ 7.25 $ 5.25 7.8% .1%
High Tech / R&D $ 6.00 $ 12.00 $ 9.50 11.0% .1%
 
Retail
Downtown $ 19.00 $ 30.00 $ 24.00 15.0% .1%
Neigborhood Service Centers $ 12.00 $ 22.00 $ 19.00 12.0% .1%
Community Power Center $ 9.00 $ 25.00 $ 18.00 9.0% .1%
Regional Malls $ 30.00 $ 50.00 $ 40.00 4.0% .1%

Development Land Low () High ()
Office in CBD $ 200,000 $ 1,000,000
Land in Office Parks $ 150,000 $ 350,000
Land in Industrial Parks $ 125,000 $ 250,000
Office/Industrial Land - Non-park $ 250,000 $ 500,000
Retail/Commercial Land $ 175,000 $ 450,000
Residential $ 200,000 $ 300,000

Footnote: Residential land $/Acre subject to typical apartment density of 10 DU /acre
 

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