Reis reported that the apartment vacancy rate of 4.1% was unchanged in the second quarter of 2014. In the second quarter of 2013 (a year ago) the vacancy rate was 4.3%. And the rate peaked at 8.0% at the end of 2009. Vacancy was unchanged during the second quarter at 4.1%, a slight worsening from … [Read more...] about 9.21.14: Update on Apartment Vacancy Rates
4.24.13: Office Vacancy Struggling to Get Traction in New Jersey
According to the N.J.-based Star-Ledger, economists gauging the recovery in New Jersey can look to commercial real estate as an indicator. What they’ll find is a market that has been stagnant and struggling to get traction since the mid-2000s. And until jobs return, most sectors of commercial real … [Read more...] about 4.24.13: Office Vacancy Struggling to Get Traction in New Jersey