Tenant View – Northern NJ Market Report – Q2 2014

"Market Conditions slow, but steady." DTZ's Q2 Northern NJ Market Overview Some notable data points: Overall vacancy rate decreased from 17.6% for the previous quarter to 17.4%. Average rents are $24.41 per square foot, essentially flat over the last two years. "...a modest improvement is expected for the state’s economy over the near term and tenant activity should also … Continue reading Tenant View – Northern NJ Market Report – Q2 2014

Looking Back – February 2013 economic reports at a glance

Nationally, the economy seems to be stabilized at a slow growth rate. Construction spending was essentially flat and consumer confidence was down slightly. The Non-Manufacturing report on business continues to be positive, but shows signs of slowing since the previous month. The inclement winter weather in the northeast has had a negative impact on business. The corporate real estate market … Continue reading Looking Back – February 2013 economic reports at a glance

Looking Back – January 2013 economic reports at a glance

 Nationally, the economy seems to be trending positively. The Fed Beige Book indicates moderate growth, consumer confidence is up, construction spending is increasing, and the service sector is expanding. On the state level, New Jersey is still struggling to create and retain jobs. The number of private sector jobs lost in December eroded most of the … Continue reading Looking Back – January 2013 economic reports at a glance

December 2013 economic reports at a glance

A round-up of significant economic reports published during the past month with a spotlight on issues impacting corporate real estate. Fed Beige Book Economic growth in the Second District [ed. NY Metro area] has continued at a moderate pace since the last report. Contacts report that cost pressures have abated slightly, while selling prices are … Continue reading December 2013 economic reports at a glance