MARLTON, NJ—The Southern New Jersey commercial real estate market has shifted into high gear, with new leases and renewals running about three times higher than last year, according to a second quarter market analysis produced by Wolf CRE, a South Jersey broker.
During the second quarter, several large renewals and new leases were completed, planned relocations and developments were announced, and GROW NJ tax incentives drew yet more interest in Camden.
“This has been another quarter marked by business expansion and improving job growth,” says Jason Wolf, founder and managing principal of WCRE. “The tone in our region continues to be optimistic, shored up by increasing demand, and a lending climate that remains favorable.”
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