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As of the third quarter 2017, 52% of the speculative space delivered since 2013 had been leased, according to Colliers, and this figure increased to 62% by the end of June 2018.
“Mainfreight's decision to take industrial space at 50 Cable Drive is a testament to northern New Jersey's extensive transportation network, population density and educated workforce,” says CBRE's William Waxman.
Risks and uncertainties factor into a property's marketability -- but they can also be an opportunity, which makes the appraiser's job even more difficult
Renters in the region absorbed approximately 9,155 units so far this year, which was roughly three times the number of units absorbed during the first half of 2017 and which far outpaced the 6,336 apartment deliveries year-to-date.
“The Pointe at Preston Ridge fits our current strategy of investing in existing multifamily communities that can benefit from A|P's property management expertise and value add/renovation program,” says Mark Briggs, chief operating officer at Atlantic | Pacific Real Estate Group.