Choosing a Warehouse Space 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.
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value, free of charge, and illustrate how we can maximize
the sale price of your property should you choose to sell.
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Bussel Realty Corp. (BRC), a leading industrial/retail real estate services firm in New Jersey, today announced it sold 1301 West Elizabeth Avenue in Linden, New Jersey, a 138,000-square-foot-industrial-building, for $15 million.
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 it was named the exclusive leasing agent for 1100 Randolph Road in Somerset, New Jersey, a 207,192-square foot industrial property.