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Report: Office Market Resilient in Central NJ

SOMERSET, NJ-Cassidy Turley's report on the market paints a rosier picture than others do, noting positive absorption of space in the 4th quarter.

By Antoinette Martin | Updated on January 25, 2013

SOMERSET, NJ-The way Cassidy Turley sees it, the central New Jersey office market is actually looking pretty good lately – despite the lackluster overall performance by the office market in the state for 2012.  In its Q4 report, the company cites positive absorption and a slight dip in vacancy, from 17% to 16.9% for central Jersey. 

Different companies may define submarkets differently, they may use different methods of assessing vacancy and may emphasize different trends, sometimes producing sharp disparities in their market reports.

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