MARLTON, NJ-The long-wan southern New Jersey office market seems to have begun to shift from recovery mode to the promise of growth – at least according to a new analysis from Wolf Commercial Real Estate, which is based here.
The firm's 2nd Quarter market report indicates mostly positive trends so far in 2014, and WCRE brokers report the third quarter is going to be very strong: There are 350,000 square feet of pending deals expected to close during the quarter.
“The CRE market was very busy during the 2nd quarter, bouncing back from the setbacks imposed by the harsh winter to reclaim another portion of vacancy and set up a healthy pipeline of deals that are expected to close later in the year,” according to Jason Wolf, founder and principal of WCRE.
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