Concessions help keep retail vacancies lower

By Evelyn Lee

8/31/2009

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