Friday, September 9, 2011

Rates are UP! Hoboken/Downtown Jersey City Absorption Rate Update-September 9, 2011

Rates have increased this week for both Hoboken and downtown Jersey City. Hoboken is still pretty solid at 25.39 weeks, but downtown Jersey City city is creeping up at 46.18 weeks.

Hoboken Absorption Rate Update September 9, 2011:

25.39 weeks vs. 23.49 weeks last week (8.1% increase)

Downtown Jersey City Absorption Rate Update September 9, 2011:

46.18 weeks vs. 39.76 weeks last week (16.15% 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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