Friday, May 21, 2010

Hoboken/Downtown Jersey City Absorption Rate Update - May 21, 2010

This week, we see moderate increases for the Absorption Rates with 4.8% and 4% increases for Hoboken and downtown Jersey City, respectively.

Hoboken Absorption Rate Update 5/21/2010:

33.25 weeks vs. 31.72 weeks last week (4.8% increase)

Downtown Jersey City Absorption Rate Update 5/21/2010:

56.06 weeks vs. 53.91 weeks last week (4% increase)

Information provided by:

Kevin Dowd
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
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