Here is a roundup of the latest leases, sales and other transactions in the Northeast middle markets.
This week by the numbers
Luxury rental activity in Jersey City is picking up. According to the Marketing Directors, the overall average active rent price in the third quarter was $3,208, with the per-square-foot average at $45.67. In the third quarter of 2017, Jersey City saw 595 active listings within 36 luxury rental properties. Five of which, opened in 2017, adding 1,720 units to Jersey City's housing stock. Approximately 51 percent of Jersey City's market continues to be one-bedroom apartments. Studios, which make up 16 percent of the Jersey City rental market, saw the largest increase in average active price per square foot, up seven percent quarter over quarter.
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