(Save the date: RealShareNew Jersey comes to the Hyatt Regency,New Brunswick, NJ, September 19)
ELMWOOD PARK, NJ–Vacancies down. Rents up. Investor interest wayup. That is real estate firm Marcus &Millichap’s prediction through the end of 2012 for the NewJersey multifamily market– despite the fact thatconstruction is also way up and the economy is unpredictable.
“Nearly 4,400 market-rate units are under way, with more thanhalf of the stock slated for northern New Jersey,” theCalifornia-based firm said in a report supplied to GlobeSt.com.Michael Fasano heads the office in ElmwoodPark.
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