EAST RUTHERFORD, NJ-Getting comparative statistics on New Jersey’s office and industrial markets should be easier starting next year. In late January, the Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area will launch market research reports on both sectors.
Prior to its new initiative, IOREBA says, the region has had no single source of data regarding economic trends, transactions, unemployment, space availabilities, construction and rental rates, among other statistics. Companies set to post their quarterly reports include: Cassidy Turley; Cushman & Wakefield, Jones Lang LaSalle, NAI James E. Hanson, Colliers International, Weichert Commercial Brokerage, Grubb & Ellis, Sitar-ONCOR International and Studley.
"Until now, it has not been possible to put two different firms’ information up on the screen side-by-side," says Sean Brady, president of IOREBA and senior director at C&W based in East Rutherford, NJ. "With this new portal, anyone will be able to read up to nine different quarterly reports and draw your own conclusions about market conditions and trends.”
The reports will be available through IOREBA’s website starting next month. They may be accessed either as links to their companies’ websites or as posted pdfs. IOREBA currently has about 300 members located throughout New Jersey, New York, Pennsylvania, Connecticut and other states.
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