Friday, March 18, 2011

Absorption Rate Update-March 18, 2011

Downtown Jersey City has seen their absorption rate going up and down over the last several months, but Hoboken has been pretty stable until now.

Not sure why Hoboken bumped up so much this week...we'll have to see what happens next week.

Hoboken Absorption Rate Update March 18, 2011:

49.38 weeks vs. 41.43 weeks last week (19.19% increase)

Downtown Jersey City Absorption Rate Update March 18, 2011:

67.32 weeks vs. 62.45 weeks last week (7.8% 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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