Fourth Quarter Report: Quarter Recaps Year of Mostly Solid Growth in Southern New Jersey Commercial Real Estate Market

research information graphicDespite some moderation in leasing activity in the fourth quarter of 2013, the overall year for the Southern New Jersey commercial real estate market showed mostly solid growth that likely paved the way for an even better 2014, according to a new quarterly market analysis issued by Wolf Commercial Real Estate, a leading Southern New Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.
The report by the South Jersey commercial real estate broker noted many positive trends during the fourth quarter and the year, with the South Jersey commercial real estate market again proving its resiliency.

“Total leasing activity was slightly off this quarter compared with the fourth quarter of 2012, but we saw 14.5% growth in activity in our market in 2013,” said Jason Wolf, founder and principal of Wolf Commercial Real Estate. “As exciting as it is to report this surge, based on the conditions in place, we expect 2014 to be even stronger.”

The Southern New Jersey commercial real estate market was busy in the fourth quarter, with further stabilization of rents, a pending mega-deal for a 24-building office/flex portfolio, and a great deal of prospecting setting up a high number of transactions that will consummate in the early part of the new year, according to the fourth quarter report from Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

South Jersey office space, South Jersey retail space and other South Jersey commercial properties saw approximately 374,121 square feet of new leases and renewals executed in the three counties surveyed, representing a decline of nearly 1.7% compared to the fourth quarter of 2012. But for the year, the report said, there was +/-1,625,190 square feet of total South Jersey commercial real estate market activity, compared to +/-1,419,276 square feet in 2012. Notably, expansions and new deals remained strong this quarter, with net absorption at approximately 102,294 sf.

The continuing nationwide economic rebound in part powered the strong demand in the Southern New Jersey commercial real estate market, the Southern New Jersey commercial real estate brokerage firm reported. The stock market achieved several record high closes, closing the year up 26%, and both New Jersey’s and the nation’s unemployment rates improved. New Jersey’s unemployment rate fell to 7.8% at the end of the fourth quarter, dropping nearly two full points over the year. The national unemployment rate stood at 7% as yearend 2014.

The two most noteworthy developments in the quarterly report were the further reduction of the region’s vacancy rate for Southern New Jersey office space, Southern New Jersey retail space and other South Jersey commercial properties, which now is down to approximately 15%, and Liberty Property Trust’s (NYSE: LRY) announcement that its entire office/flex portfolio in the region was put under agreement. The portfolio comprises 1,188,285 square feet in 24 buildings.

Other South Jersey office space market highlights noted in the report from Wolf Commercial Real Estate, a South Jersey commercial real estate broker specializing in South Jersey commercial real estate listings and services:

• Average rents for Class A & B South Jersey office space continue to show strong support in the range of $11.00-$14.00/sf NNN or $21.00-$24.00/sf gross, with an overall market average showing strong support in the $11.00-$11.50/sf NNN or $21.00-$21.50/sf gross for the deals completed during the fourth quarter. This is essentially unchanged from the previous quarter.

• A large share of the region’s vacancies were in Voorhees, Pennsauken, and the west side of Cherry Hill, while Moorestown, Marlton and Mount Laurel (3M) continued to show strength. Burlington County maintained a significantly lower vacancy rate in the South Jersey commercial real estate market than Camden County.

• There was a very active pipeline of deals for Southern New Jersey office space that will be completed soon, covering approximately 400,000 sf.

• All of the major private owners and REITS showed a significant increase in prospect activity for the quarter, and are all cautiously optimistic for 2014.

For the South Jersey retail space market, the Southern New Jersey commercial real estate broker reported that despite weak holiday sales figures, retail leasing activity in Southern New Jersey was strong, with owners cautiously optimistic. Highlights on the Southern New Jersey retail space market include:

• Overall South Jersey retail space vacancy in the tri-county area is hovering around 10.7%, marking tremendous improvement from the end of 2012, when it was in the 17-18% range.

• Class A retail product rental rates for Southern New Jersey retail space continue to show strong support in the range of $30.00-$40.00/sf NNN.

• Class B product for South Jersey retail space shows support in the range of $15.00-$23.00/sf NNN.

The full report is available upon request from Wolf Commercial Real Estate, a South Jersey commercial real estate broker specializing in South Jersey commercial real estate listings and services.

For more information about Southern New Jersey office space, Southern New Jersey retail space or any South Jersey commercial properties, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com), Leor Hemo (856-857-6302; leor.hemo@wolfcre.com), Christina Del Duca (856-857-6304; christina.delduca@wolfcre.com), Todd Levin (856-857-6319; todd.levin@wolfcre.com) or Scott Seligman (856-857-6305; scott.seligman@wolfcre.com) at Wolf Commercial Real Estate, the foremost Southern New Jersey commercial real estate broker.

Wolf Commercial Real Estate is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our Southern New Jersey commercial real estate brokerage firm.

Prime South Jersey Retail Space for Lease in Marlton

27 North Maple Ave with overlay and headlineWolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services, is now offering prime South Jersey retail space for lease in the Allison Shopping Center at 27 North Maple Avenue Marlton NJ.

Significant exterior renovations are planned for this premier South Jersey retail building for lease, including the addition of a corner tower and new signage for each retail outlet.

There are units ranging from 1,425 to 3,600 square feet available in this South Jersey retail building for lease through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services. The Allison Shopping Center ownership also can create up to 19,000 square feet for a large-block occupant in this retail space in South Jersey at 27 North Maple Avenue Marlton NJ.

There are several long-standing, popular tenants already in place, this retail space in South Jersey including a pizzeria, a florist and a convenience store. The asking lease rate for this South Jersey retail space for lease is $12 per square foot NNN. The units in this Southern New Jersey retail space for lease are available for immediate occupancy.

This South Jersey retail building for lease in the Allison Shopping Center at 27 North Maple Avenue Marlton NJ is situated in the midst of several highly populated neighborhoods. More than 85,000 potential customers live within three miles of this Southern New Jersey retail space for lease through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

This retail space in South Jersey is located near the intersection of North Maple Avenue and the Marlton Pike (Route 70) in the Allison Shopping Center. This excellent location provides convenient access to Route 70 and to Route 73, just one block west. Parking is plentiful at this South Jersey retail building for lease at 6.5/1000 sf. On average, nearly 18,000 vehicles drive by the Allison Shopping Center at 27 North Maple Avenue Marlton NJ. There are building and pylon signs available for tenants at this Southern New Jersey retail space for lease.

For more information about this South Jersey retail space for lease in the Allison Shopping Center at 27 North Maple Avenue Marlton NJ or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, the foremost South Jersey commercial real estate broker.

Wolf Commercial Real Estate is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Premier South Jersey Retail Space for Sale

1612-1614 West Marlton PikeWolf Commercial Real Estate, a leading South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services, now has available premier South Jersey retail space for sale at 1612-1614 West Marlton Pike Cherry Hill NJ.

This South Jersey retail building for sale is located in the heart of Cherry Hill along the busy Route 70 corridor.  The excellent position of this Southern New Jersey retail space for sale provides maximum exposure to potential customers for the tenants in this South Jersey retail building for sale.

The asking price for this highly visible South Jersey retail space for sale at 1612-1614 West Marlton Pike Cherry Hill NJ is $575,000.  This Southern New Jersey retail space for sale is available through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

There is a total of 13,000 square feet of prime retail space in South Jersey available at this South Jersey retail building for sale at 1612-1614 West Marlton Pike Cherry Hill NJ.  This Southern New Jersey retail space for sale occupies a prime corner location on well-traveled Route 70, making it easily accessible to passing motorists.  Nearly 57,000 vehicles per day travel by this South Jersey retail space for sale.

This retail space in South Jersey that is being offered by Wolf Commercial Real Estate, a South Jersey commercial real estate broker, is minutes from I-295 and the Ben Franklin Bridge, affording access to many points throughout the region.  This Southern New Jersey retail space for sale also is conveniently located close to the Garden State Towne Center, the Cherry Hill Mall, many car dealerships and furniture stores.

There are more than 120,000 potential customers residing within a three-mile radius of this South Jersey retail building for sale at 1612-1614 West Marlton Pike Cherry Hill NJ.  This retail space in South Jersey has storefront facade signage available and 21 storefront parking spaces.

For more information about this South Jersey retail space for sale at 1612-1614 West Marlton Pike Cherry Hill NJ or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com), Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) or Scott Seligman (856-857-6305; scott.seligman@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate is the foremost South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Highly Visible Southern New Jersey Retail Space for Lease in Voorhees

200-300 White Horse RoadWolf Commercial Real Estate, a leading Southern New Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services, is now offering well located Southern New Jersey retail space for lease at 200-300 White Horse Road Voorhees NJ.

This highly visible retail space in Southern New Jersey is located in the Echo Shoppes shopping center.  Surrounded by established, high-density residential neighborhoods with excellent demographics, this Southern New Jersey retail space for lease is positioned in an area with a strong base of potential customers.

There are two units available for lease at this retail space in Southern New Jersey.  Building 200 offers 2,400 square feet and while Building 300 provides 1,560 square feet of prime Southern New Jersey retail space for lease.  This retail space in Southern New Jersey is available for immediate lease through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate brokerage firm that specializes in Southern New Jersey commercial real estate listings and services.

The asking lease price of this well located retail space in Southern New Jersey is $14.00 per square foot NNN.  There are attractive lease terms for this Southern New Jersey retail space for lease at 200-300 White Horse Road Voorhees NJ.

The Echo Shoppes shopping center where this retail space in Southern New Jersey is located has a diverse mix of existing tenants.  There also is excellent access to this Southern New Jersey retail building for lease from busy White Horse Road, as well as from the nearby White Horse Pike and Haddonfield-Berlin Road.  This Southern New Jersey retail space for lease also is within close proximity to Routes 70, 73 and I-295.

This Southern New Jersey retail building for lease in the Echo Shoppes shopping center at 200-300 White Horse Road Voorhees NJ is located near the Flyers Skate Zone, the Woodcrest Country Club, several professional and medical offices and a regional branch of the Camden County Library.

There is highly visible tenant signage at this Southern New Jersey retail space for lease through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services.  Parking is ample at this Southern New Jersey retail building for lease.

For more information about this Southern New Jersey retail space for lease at 200-300 White Horse Road Voorhees NJ or about any other Southern New Jersey commercial properties for sale or lease, please contact Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) at Wolf Commercial Real Estate, a Southern New Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate is the foremost Southern New Jersey commercial real estate broker that provides a full range of Southern New Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Southern New Jersey commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of Southern New Jersey commercial properties for lease or sale through our Southern New Jersey commercial real estate brokerage firm.

South Jersey Retail Space for Sale in Millville

201-211 Kates BoulevardWolf Commercial Real Estate, a leading South Jersey commercial real estate brokerage firm that specializes in Millville commercial real estate listings and services, is now offering highly visible South Jersey retail space for sale at 201-211 Kates Boulevard Millville NJ.

This retail space in Millville is located in the Holly City Plaza, neighborhood strip center on the corner of Route 47 & Kates Boulevard in downtown Millville.   This retail space in 08332 is priced for a quick sale at an asking price of $325,000 ($57.14/SF).

There is approximately 6,160 square feet of retail space in South Jersey for sale in the Holly City Plaza at 201-211 Kates Boulevard Millville NJ.  This Millville retail space for sale is partially leased, with one tenant occupying 1,500 square feet and producing income.  This retail space in 08332 is a great investment opportunity with tremendous upside potential.  This retail space in Millville is available for immediate sale through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

There are six storefronts at this retail space in South Jersey at 201-211 Kates Boulevard Millville NJ.  The five vacant storefronts at this retail space in 08332 range from 675 square feet to 1,125 square feet.  In addition, there are 20 parking spaces at this Millville retail space for sale in the Holly City Plaza.   This retail space in Millville has excellent exterior signage available on a pylon and above the storefront.  More than 27,000 people live within a three-mile radius of this Millville retail space for sale.

Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in Millville commercial real estate listings and services, has been retained to market this retail space in South Jersey at 201-211 Kates Boulevard Millville NJ.  Information is available upon request.

For more information about this South Jersey retail space for sale at 201-211 Kates Boulevard Millville NJ or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

Wolf Commercial Real Estate is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm that specializes in Millville commercial real estate listings and services.

Prominent South Jersey Retail Space For Lease And Sale

226 Haddonfield Road-1Wolf Commercial Real Estate, a premier South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services, is now offering highly visible South Jersey retail space for lease at 226 Haddonfield Road Cherry Hill NJ.

Located directly across from the Cherry Hill Mall, this South Jersey retail building for sale is positioned for phenomenal daily exposure to thousands of shoppers leaving the mall from one of the busiest exits/entrances on the mall grounds.  There is a traffic light at Haddonfield Road and Dudley Avenue where this retail space in South Jersey is located.

A massive exterior renovation was recently completed at this South Jersey retail building for lease and sale.  In addition, the grounds of this South Jersey retail space for lease at 226 Haddonfield Road Cherry Hill NJ are meticulously maintained.

There is a single unit totaling 3,018 square feet available at this South Jersey retail space for lease through Wolf Commercial Real Estate, a South Jersey commercial real estate broker.  This retail space in South Jersey is ideal for any retail operation seeking maximum exposure to thousands of potential customers daily.  The other tenant in this South Jersey retail building for sale at 226 Haddonfield Road Cherry Hill NJ is a men’s apparel store.

The asking lease price of this well positioned retail space in South Jersey is $15.00 per square foot NNN.  The building that houses this South Jersey retail space for lease also is available for sale as a multi-tenant investment opportunity.  Information regarding this sale is available by request only to Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

There are more than 126,000 potential customers living within a three-mile radius of this South Jersey retail building for sale.  This retail space in South Jersey at 226 Haddonfield Road Cherry Hill NJ has excellent pylon and store signage.  There is plenty of parking at this retail space in South Jersey at a ratio of 2.50/1,000 sf.  This South Jersey retail space for lease is available for immediate occupancy through Wolf Commercial Real Estate, a leading South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

Cherry Hill, where this South Jersey retail building for sale is located, is the heart of business and commerce in South Jersey, with hundreds of restaurants and stores within its borders.  It is the prime shopping destination for people of all income levels from the surrounding counties, with a key focus being the Cherry Hill Mall that is directly across the street from this retail space in South Jersey.

For more information about this South Jersey retail space for lease at 226 Haddonfield Road Cherry Hill NJ or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com), Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) or Todd Levin (856-857-6319; todd.levin@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate is the foremost South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

South Jersey Retail Space for Sale

399 East Broad StreetWolf Commercial Real Estate, a leading South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services, is now offering South Jersey retail space for sale at 399 East Broad Street Bridgeton NJ.

This newly constructed South Jersey retail building for sale offers prime visibility, easy access and excellent exterior signage.  The Bridgeton retail space for sale at 399 East Broad Street Bridgeton NJ is a free-standing building that is ideally located in close proximity to the downtown Bridgeton Center Business District.

There is 9,040 square feet of Bridgeton retail space for sale in this South Jersey retail building at 399 East Broad Street Bridgeton NJ.  This retail space in South Jersey is well suited for use as a dollar store, general retail store, a restaurant or any retail establishment seeking ample parking and a great location.

The asking sale price of this retail space in Bridgeton NJ is $975,000.  This South Jersey retail space for sale is available for immediate occupancy through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

This South Jersey retail building for sale at 399 East Broad Street Bridgeton NJ is located on 5.91 acres on Broad Street (Route 49), a main thoroughfare through in Bridgeton.  Parking is plentiful at this retail space in Bridgeton NJ at a ratio of 4.4/1000 sf.  There is both store and pylon signage available at this retail space in South Jersey.

There are nearly 34,000 potential customers living within a three-mile radius of this Bridgeton retail space for sale through Wolf Commercial Real Estate, the foremost South Jersey commercial real estate broker.

Bridgeton, where this South Jersey retail building for sale is located, has a rich history of contributing to the American economy through small business, manufacturing and agriculture.  Overlooking the scenic Cohansey River, the city has been experiencing a revitalization since 2008 that makes it particularly attractive to investors and business owners looking for retail space in South Jersey.  The revitalization effort has included investment from Rutgers University and redevelopment of public areas near this retail space in Bridgeton NJ.

For more information about this South Jersey retail space for sale at 399 East Broad Street Bridgeton NJ or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) or Todd Levin (856-857-6319; todd.levin@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Third Quarter Report: South Jersey Commercial Real Estate Market Begins Picking Up Steam

research information graphicAided by increased confidence among area businesses, and further boosted by positive financial news, the South Jersey commercial real estate market exceeded expectations in the third quarter, according to a new quarterly market analysis issued by Wolf Commercial Real Estate, a leading South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

During what has traditionally been the slowest quarter of the year, Wolf Commercial Real Estate identified approximately 443,173 sf of new leases and renewals executed in the South Jersey commercial real estate market – a gain of nearly 48% compared to the third quarter of 2012. New leasing activity in the South Jersey retail space and South Jersey office space markets accounted for approximately 57% of the total transactions, a sign that the South Jersey commercial real estate market is truly in recovery mode.

“Instead of a summer slow-down we found many signs that optimism and confidence have returned,” said Jason Wolf, founder and principal of Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.  “There were several large lease transactions, slight improvement in the state’s unemployment rate, repositioning projects commenced or have been announced, and near the end of the quarter, a new state law was signed that is expected to retain and attract many new businesses to the South Jersey region.”

The new law is the Economic Opportunity Act of 2013, which created Grow New Jersey (GrowNJ) and the Economic Redevelopment and Growth Program (ERG). These programs are designed to incentivize growth and investment by large and small companies across several industries.

Wolf Commercial Real Estate reported encouraging news about the Southern New Jersey retail space market, even in areas that had been vulnerable, particularly CamdenCounty.  Vacancy rates continued to fall slowly, coming in at 17% for the region, with CamdenCounty at 21% and BurlingtonCounty stronger at 13%. “This market is still challenged by a surplus of vacant space, but we have seen steady progress in positive absorption for several consecutive quarters, and the conditions are in place to potentially speed up the pace,” Wolf said.

The research conducted by Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm specializing in South Jersey commercial real estate listings and services, includes snapshots of the South Jersey retail space and South Jersey office space markets and details on the major deals being consummated or planned.

Southern New Jersey retail space market highlights from the report include:

• Area retail businesses and landlords did experience the expected summer slow-down in the form of slower growth, but growth remained positive.

• Overall Southern New Jersey retail space vacancy has continued to drop. It hovered around 10.5% for the quarter, compared to 15% in the previous quarter.

• Average rents for upscale lifestyle centers continue to show strong support in the range of $30-$40.00/sf NNN, and average rents for neighborhood and strip shopping centers in the Southern New Jersey retail space market remain in the range of $15-$23/sf NNN.

Southern New Jersey office space market highlights from the report:

• Total leasing activity for the quarter comprised 443,173 sf of new leases and renewals executed.

• New lease and expansion deal activity in the South Jersey office space market comprised approximately 252,631 square feet. This is a 37% increase over Q2 figures.

• Positive absorption for the second quarter was in the range of 148,000+/-sf of new deals and/or expansions.

• Average rents for Class A & B product in the Southern New Jersey office space market were up by 5% over the previous quarter. Rents continue to show strong support in the range of $11.00-$14.00/sf NNN or $21.00-$24.00/sf gross, with an overall market average showing strong support in the $11.60/sf NNN or $21.60/sf gross for the deals completed during the third quarter.

• The unemployment rate in New Jersey ticked down from 8.6 percent at the end of Q2 to 8.5 percent at the end of Q3. It has dropped steadily over the past year, and is now at the lowest point since March 2009. Figures continue to improve, but the state rate remains above the national rate of 7.3%.

The full report, including details about several key deals, is available upon request from Wolf Commercial Real Estate, a South Jersey commercial real estate broker specializing in South Jersey commercial real estate listings and services.

For more information about South Jersey retail space, South Jersey office space or any South Jersey commercial properties, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com), Leor Hemo (856-857-6302; leor.hemo@wolfcre.com), Christina Del Duca (856-857-6304; christina.delduca@wolfcre.com), Todd Levin (856-857-6319; todd.levin@wolfcre.com) or Scott Seligman (856-857-6305; scott.seligman@wolfcre.com) at Wolf Commercial Real Estate, the foremost South Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Update on South Jersey Commercial Real Estate Market: Premier South Jersey Retail Space for Lease in Marlton

27 North Maple Ave with overlay and headlineWolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services, now has available premier South Jersey retail space for lease in the Allison Shopping Center at 27 North Maple Avenue Marlton NJ.

This well-located South Jersey retail building for lease is scheduled for significant exterior renovations, including the addition of a corner tower and new signage for each retail outlet.

There are units ranging in size from 1,425 to 3,600 square feet available in this South Jersey retail building for lease.  The Allison Shopping Center ownership also can create up to 19,000 square feet for a large-block occupant in this South Jersey retail space for lease at 27 North Maple Avenue Marlton NJ.

This retail space in South Jersey has several long-standing, popular tenants already in place, including a pizzeria, a florist and a convenience store.  Additionally, there are several highly populated neighborhoods surrounding this South Jersey retail building for lease in the Allison Shopping Center at 27 North Maple Avenue Marlton NJ.  There are 85,000 potential customers living within a three-mile radius of this South Jersey retail space for lease through Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

The asking lease rate for this retail space in South Jersey is $12 per square foot NNN.  There is both building and pylon signage available at this South Jersey retail building for lease.  The units in this retail space in South Jersey are available for immediate occupancy from Wolf Commercial Real Estate, a leading South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

This retail space in South Jersey is conveniently located near the intersection of North Maple Avenue and the Marlton Pike (Route 70) in the Allison Shopping Center.  This excellent location provides easy access to Route 70 and Route 73, which is just one block west.  There is ample parking in this South Jersey retail building for lease at 6.5/1000 sf.  On average, almost 18,000 vehicles a day pass by the Allison Shopping Center at 27 North Maple Avenue Marlton NJ.

For more information about this South Jersey retail space for lease in the Allison Shopping Center at 27 North Maple Avenue Marlton NJ or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, the foremost South Jersey commercial real estate broker.

Wolf Commercial Real Estate is a premier South Jersey commercial real estate brokerage firm that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

South Jersey Retail Space For Sale Or Lease At Three South Jersey Shopping Centers

Shopping center trioWolf Commercial Real Estate, a leading South Jersey commercial real estate broker, is now offering premier South Jersey retail space for sale and/or lease at three shopping centers in Southern New Jersey. The three South Jersey shopping centers are: Gateway Plaza in West Deptford, Holly City Plaza in Millville, and Rancocas Woods Village Shoppes in Mount Laurel.

Gateway Plaza in West Deptford

This South Jersey retail space at 1000 Gateway Boulevard West Deptford NJ has approximately 20,496 square feet of well-located retail space in 08096 available for sale.  There also are units ranging from 1,600 to 8,000 +/- square feet available for lease at this West Deptford retail space.

This retail space in 08096 is an investment property that will require some capital upgrades but is priced aggressively at $1,250,000 ($60.92/sf).  The asking lease price for this West Deptford retail space is $12.00 NNN.

Located in a neighborhood strip shopping center at the corner of Cornell Lane and Gateway Boulevard, this retail space in South Jersey provides easy access to I-295.  This West Deptford retail space is anchored by Family Dollar, which occupies approximately 12,000+/- square feet of space in Gateway Plaza under a long-term lease.  Vacancies at this West Deptford retail space range from 1,600 sf to 8,000 +/- square feet, allowing for tremendous variation and potential.

There are 31 parking spaces available at this retail space in 08096 at 1000 Gateway Boulevard West Deptford NJ.  More than 71,000 people live within a three-mile radius of this retail space in South Jersey.

Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services, has been retained to market this West Deptford retail space at 1000 Gateway Boulevard West Deptford NJ.  Information is available upon request.

Holly City Plaza in Millville

This Millville retail space in the Holly City Plaza at 201-211 Kates Boulevard Millville NJ has approximately 6,160 square feet of South Jersey retail space available for sale.  This retail space in 08332 is located in a neighborhood strip center on the corner of Route 47 & Kates Boulevard in downtown Millville.

This Millville retail space is partially leased, with one tenant currently occupying 1,500 sf and producing income.  This retail space in 08332 is an investment property that will require some capital upgrades, but is priced for a quick sale at $325,000 ($57.14/sf).  This retail space in South Jersey is a great investment opportunity with tremendous upside potential.

There are six storefronts at this Millville retail space for sale 201-211 Kates Boulevard Millville NJ.  The five vacant storefronts at this retail space in 08332 range from 675 square feet to 1,125 square feet.  In addition, there are 20 parking space at this Millville retail space for sale.  Approximately 27,000 people live within a three-mile radius of this retail space in 08332.

Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services, has been retained to market this Millville retail space for sale 201-211 Kates Boulevard Millville NJ.  Information is available upon request.

Rancocas Woods Village Shoppes in Mount Laurel

This retail space in Mount Laurel has 32,961 +/- square feet of retail space in South Jersey for sale in a privately owned neighborhood strip shopping center.  There also are vacant units ranging in size from 940 square feet to 14,527 square feet available for lease at this MountLaurel retail space.  This retail space in 08054 is located at 123 Creek Road Mount Laurel NJ in the Rancocas Woods Village of Shoppes.

This Mount Laurel retail space for sale and/or lease has a newly renovated roof and siding.  As an investment property, this retail space in 08054 will require some capital upgrades but is priced aggressively at $1,250,000 ($37.92/sf) with attractive lease rates for retailers and office users.  This asking lease price for this retail space in Mount Laurel is $14.00 NNN.  Units in this Mount Laurel retail space are available for immediate occupancy from Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

This retail space in Mount Laurel is a great opportunity for retail or professional use, including day-care, medical offices, and many other uses.   Located at 123 Creek Road Mount Laurel NJ in the Rancocas Woods Village of Shoppes, this retail space in South Jersey provides direct access to I-295 (exit 43) and Route 38, and is within close proximity to Route 73.  There is ample parking at this retail space in Mount Laurel.

More than 38,000 people live within a three-mile radius of this South Jersey retail space at 123 Creek Road Mount Laurel NJ.  Existing tenants at this retail space in 08054 include a pizzeria and two office users.

Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services, has been retained to market the remaining vacant spaces and/or facilitate the sale of the center.  Information is available upon request.

For more information about these South Jersey shopping centers for sale and/or lease, about other South Jersey retail space, or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.