Hoboken was up slightly this week, but still pretty solid at 42.47 weeks.
Downtown Jersey City has been struggling over the last few weeks and the rate is a little high there at 75.27 weeks.
Hoboken Absorption Rate Update March 4, 2011:
42.47 weeks vs. 40.12 weeks last week (5.8% increase)
Downtown Jersey City Absorption Rate Update March 4, 2011:
75.27 weeks vs. 71.34 weeks last week (5.5% increase)
Information provided by:
Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
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