Concessions help keep retail vacancies lower
By Evelyn Lee
The overall retail vacancy rate in northern and central New Jersey rose to 8.18 percent in July, up from 6.86 percent in January and 5.21 percent in July 2008, according to a new report from The Goldstein Group, a Paramus-based retail brokerage firm.
But the vacancy rate was still lower than what the firm had projected at the beginning of the year, when the rate was expected to possibly surpass 10 percent,… Continue
Posted on September 2, 2009 at 7:00pm