Choosing a Office Property 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/retail real estate services firm in New Jersey, today announced its leased the entirety of 621 Commerce Road in Linden, New Jersey, a 14,500-square-foot industrial building.
More than 4+ million square feet leased during the second quarter of 2022 in the Northern/Central NJ industrial market. Compared to the second quarter from a year ago, leasing activity decreased approximately 4 million square feet due to the scarcity of inventory. However, the market overall average asking rent rose to approximately $12.00 to $14-persquare-foot, an increase of $2.00-per-square-foot over the same quarter last year. Availability/vacancy rate ticked downward from just over 2 percent in the second quarter 2021, to sub-2 percent, despite millions of square feet of new construction coming online during the year. Over the past 12 months, the total overall sales volume exceeded $2.1 billion, with the average asking price at approximately $180 to $250-per-square-foot; near historical highs for the New Jersey marketplace.
Bussel Realty Corp. (BRC), a leading industrial/retail real estate services firm in New Jersey, today announced its sold 160 Essex Avenue East in Avenel, New Jersey, a 40,000-square-foot industrial property, to Sitex Group for $19.7 million.