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 corporate and industrial real estate services firm in New Jersey, today announced Jordan Metz, senior vice president of BRC, recently closed multiple industrial transactions in Union County, New Jersey.
- More than 22.5 million square feet leased in 2023 in the Northern/Central NJ industrial market. Compared to 2022, leasing activity increased substantially from 4.9 million square feet. - Industrial market rents in Northern New Jersey range from $13.00 to $20.00 per square foot. However, asking rents have hit a plateau and are no longer increasing. We expect asking rent to begin decreasing in 2024. - Northern New Jersey industrial vacancy rate of 2% in 2022 increased from this historical low to a current rate of near 5%. - Over the past 12 months, rising interest rates had an adverse impact on industrial sales activity. Transaction volume slowed noticeably in 2023, totaling $1.14 billion. This is a significant decrease from the 2022 $2.1 billion.
Bussel Realty Corp. (BRC), a leading industrial/retail real estate services firm in New Jersey, today announced its launched a new Retail Brokerage Division that expands BRCís offering of commercial real estate brokerage services to focus on the retail market. Chandler Vanderbeek, vice president, and Connor Vanderbeeck, vice president, of BRC, joined the company to spearhead the new Retail Brokerage Division practice. At BRC, Chandler and Connor will be responsible for all operations of the retail division including research, property marketing, and transaction services.