Multifamily sales poised for rebound

June 2010
njbiz;6/21/2010, Vol. 23 Issue 25, p1
The article reports on the improvement of the multifamily real estate market in New Jersey in 2010. Factors such as increases in occupancy and higher rental rates as well as better market conditions are projected to help rejuvenate trading activity. According to Real Capital Analytics, the state's multifamily market recorded a total of 75 million dollars during the first five months of 2010. The long-term value in owning real estate in New Jersey such as its proximity to major metro centers and high density is also discussed.


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