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Article: New Jersey apartment market still very active.(The Boroughs/Suburban Markets)
- Article from:
- Real Estate Weekly
- Article date:
- June 9, 1999
CopyrightCOPYRIGHT 1999 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Marcus & Millichap Real Estate Investment Brokerage Company recently released its Apartment Research Report for the Northern/Central New Jersey market, which continues to be active, according to David E. Thurston, regional manager. The following are the most significant aspects of the report:
January's unemployment rate for the area was 4.4 percent, marking the 15th consecutive month at less than 5 percent.
After a long decline during the 1980's, Jersey City is booming. Despite a drop in manufacturing jobs, the city's employment level grew by more than 4 percent between 1993 and 1997. The finance and insurance sectors continue to gain jobs as companies ...