Jersey City is "one of the country's most dynamic urban markets," according to Walker & Dunlop.

This would mark another all-time high after a family office signed a 10-year deal at the property for $340 per square foot.

Activity hasn't slowed yet — but bond rates could impact activity if sustained.

Despite the vacancy spike, the market isn't in as bad shape as it seems.

The site calls for more than 60,000 square feet of amenities.

The deal involves 456 Grand Street and 227 Grand Street.

This will serve the senior population and needy families.

The receivership deal is worth $210 million.