Multi-Family Market to Remain Strong in 2013
EAST BRUNSWICK, NJ-The combination of strong rental demand and short supply will be the catalysts for a continued multi-family boom in New Jersey this year.
Jeffrey G. Otteau, president of Otteau Valuation Group, in East Brunswick, says that the rental housing market in New Jersey is close to reaching "virtual full occupancy." Multi-family vacancy, which has fallen steadily since its peak of 5.2% in 2010, could reach 2% for the first time since 1970, the start…
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.