Choosing a Commercial Real Estate firm is not easy.
Bussel Realty Corporation (BRC) offers the right combination of dedication, strong market knowledge, and substantial resources to provide clients with competitive products, exceptional customer service and local personalized support.
Through our over 40 years of experience selling and leasing
commercial real estate, we will provide you an opinion of
value, free of charge, and illustrate how we can maximize
the sale price of your property should you choose to sell.
Search our extensive database of property for sale or lease or call 732-287-3777 for professional assistance.
Bussel Realty Corp. (BRC), a leading industrial real estate services firm in New Jersey, today announced that its leased the entire 47,000-square-foot industrial property located at 60 Grant Street in Carteret, New Jersey.
Bussel Realty Corp. (BRC), a leading industrial/retail real estate services firm in New Jersey, today announced its leased the entirety of 936-938/940-944 S. Elmora Avenue in Elizabeth, New Jersey, an 18,200-square-foot industrial building, to Evolussion Tire Company.
Bussel Realty Corp. (BRC), a leading industrial/retail real estate services firm in New Jersey, leased 3,500 square feet at 3544 Route 22 in Somerville, New Jersey, on behalf of Lawn Buddies.
More than 3.7 million square feet leased during the first half of 2023 in the Northern/Central NJ industrial market. Compared to midyear 2022, leasing activity decreased approximately 1.3 million square feet. Industrial market rents in Northern New Jersey range from $13.00 to $20.00 per square foot. At the midpoint, that represents an increase of 32% from the $10.00 to $15.00 per square foot range recorded at the beginning of 2021. Northern New Jersey industrial vacancy rates are below national averages since the middle of 2019. Vacancies hit an all time low in midyear 2022 at 2% and have been edging higher since, largely from the surge in project completions, and is 3% at midyear 2023. Over the past 12 months, rising interest rates have had an adverse impact on industrial sales activity. Transaction volume slowed noticeably in 2023, with year-to-date sales amounting to $640 million.