Investing in NJ Commercial Real Estate is a Smart Choice!
New Jersey is one of the most dynamic states in America. Centrally located on the Eastern seaboard, New Jersey offers incredible access to millions of potential regional and national customers. Buying apartment buildings, investment properties, industrial buildings, office buildings and even shopping centers in this state is an ideal way to diversify an investment portfolio, open up business and establish a steady income stream.
Northern New Jersey in particular has a vibrant and booming economy. This area offers quick and easy access to many important cities and centers of recreation. A business in this region can count on customers who are traveling to cities that are within a short drive such as Philadelphia and New York City. Millions of others come here to enjoy attractions of the Jersey shore and other seasonal related activities such as apple picking. More than twenty million people live in this region. Millions more visit as tourists.
The Northern New Jersey region is composed of roughly ten counties. Those closest to New York City are Hudson County, Bergen Country, Essex County, Passaic County and Union County. Hudson County is a short distance over the river from Manhattan while the other counties are slightly further away but still largely within a half an hour’s drive from midtown Manhattan.
Investing in commercial properties in this region means drawing on a highly developed local infrastructure. New Jersey has many highways that allow for convenient transportation of goods from one area to another at little cost. This region is also known as a shopping mecca for local shoppers as well as shoppers from both Philadelphia and New York City. The area has many malls that draw huge crowds all throughout the year including the Willowbrook Mall, Jersey Gardens and the Woodbridge Center mall. Visitors look to New Jersey as a source of goods and services.
New Jersey also has more specialized shopping areas that draw tremendous numbers of shoppers such as the Mall at Short Hills and the Outlet at Bergen Town Center. The Mall at Short Hills is a huge draw for the upscale shopper looking for quality goods in a single location. Located in the Essex County town of Short Hills, the Mall features shops offering high quality designer goods and services in pleasant suburban setting. The Outlet at Bergen Town Center is ideal for bargain hunters looking for goods from respected retailers.
Local businesses can easily tap into this market. Nearby real estate often gains overflow customers from the malls as visitors look to buy items other than those just found in the malls.
Invest in commercial real estate in this region knowing that you have the resources necessary for your business to grow and flourish.
If you have further questions about the real estate markets, please don’t hesitate to call (201) 868-6300 or send an email.
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