Central New Jersey is the 39th largest multifamily market with 135,871 completed units and 40,227 units in development, 8,161 of which have already broken ground, as of July 2022.
Central New Jersey Multifamily Market Summary – July 2022
New lease asking rents are at $1,976, up 13.8%▲
from the previous year placing Central New Jersey
at 33rd overall in year-over-year rent growth.
Central New Jersey Multifamily Market Summary – June 2022
New lease asking rents are at $1,955, up 14.1%▲
from the previous year placing Central New Jersey
at 39th overall in year-over-year rent growth.
Central New Jersey Multifamily Market Summary – May 2022
New lease asking rents are at $1,950, up 15.3%▲
from the previous year placing Central New Jersey
at 28th overall in year-over-year rent growth.
Central New Jersey Multifamily Market Summary – April 2022
New lease asking rents are at $1,918, up 14.4%▲
from the previous year placing Central New Jersey
at 40th overall in year-over-year rent growth.
Central New Jersey Multifamily Market Summary – March 2022
New lease asking rents are at $1,899, up 14.4%▲
from the previous year placing Central New Jersey
at 43rd overall in year-over-year rent growth.
Central New Jersey Multifamily Market Summary – February 2022
New lease asking rents are at $1,876, up 14.3%▲
from the previous year placing Central New Jersey
at 44th overall in year-over-year rent growth.
Central New Jersey Multifamily Market Summary – January 2022
New lease asking rents are at $1,858, up 13.6%▲
from the previous year placing Central New Jersey
at 51st overall in year-over-year rent growth.
Central New Jersey Multifamily Market Summary – December 2021
New lease asking rents are at $1,829, up 12%▲
from the previous year placing Central New
Jersey at 53rd overall in year-over-year
rent growth.
