Jason Wolf, founder and managing principal of WCRE
EVESHAM TOWNSHIP, NJ—Commercial real estate brokerage firm WCRE reports that the Southern New Jersey and Southeastern Pennsylvania commercial real estate markets continued to show modest gains, continued investments, and overall solid fundamentals in the third quarter.
Sales volume and prospecting activity held steady in the third quarter, WCRE states that third quarter leasing activity was higher in Camden County, and particularly in Cherry Hill, but fell for the region overall. Gross leasing absorption was positive, but trended lower quarter-over-quarter.
"We are in a continuing period of a strong economy with low unemployment. This has supported a long streak of slow, steady growth supported by strong fundamentals," says Jason Wolf, founder and managing principal of WCRE. "Although a given indicator might fluctuate one quarter to the next, commercial real estate in this region remains strong, and there is reason to stay optimistic."
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
