Friday, May 6, 2011

Hoboken/Downtown Jersey City Absorption Rate Update-May 6, 2011

The absorption rates for Hoboken and downtown Jersey City had normal fluctuations this week. Hoboken was basically flat with a .01% increase and downtown Jersey City reversed its 4.6% decrease last week with a 4.6% increase this week.

Overall, things are continue to look good for both areas.

Hoboken Absorption Rate Update May 6, 2011:

33.87 weeks vs. 33.47 weeks last week (.01% increase)

Downtown Jersey City Absorption Rate Update May 6, 2011:

41.88 weeks vs. 40.02 weeks last week (4.6% 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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