Friday, January 14, 2011

Hoboken Steady...Downtown Jersey City Up...Absorption Rate Update-January 14, 2010

Activity has been very steady in Hoboken which is supported by the low absorption rate for this week.

Downtown Jersey City is down another 13.6% for this week which is still making it a bit of a wild ride.

Hoboken Absorption Rate Update January 14, 2011:

30.5 weeks vs. 34.56 weeks last week (11.7% decrease)

Downtown Jersey City Absorption Rate Update January 14, 2011:

64.78 weeks vs. 57.02 weeks last week (13.6% increase)

Information provided by:

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

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