Newspaper article The Record (Bergen County, NJ)

Retail Vacancies Rise in 2015

Newspaper article The Record (Bergen County, NJ)

Retail Vacancies Rise in 2015

Article excerpt

The A&P bankruptcy, which closed supermarkets throughout the state, helped push the retail vacancy rate in northern and central New Jersey up to 8.3 percent this fall, from 7.4 percent a year ago, according to an annual retail vacancy survey.

Retail real estate firm R.J. Brunelli & Co. reported Thursday that it found 5.18 million square feet of vacant space in northern and central New Jersey.

The vacancy rate was higher in central New Jersey than in the north, according to the report. The vacancy rate for the central region in the third quarter of this year was 8.8 percent, up from 7.5 percent for the same period in 2014. The rate for northern New Jersey was 7.8 percent, up from 7.3 percent in the third quarter of 2014.

"Clearly the A&P bankruptcy was the big story for New Jersey retail real estate in 2015," said R. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.