7-23-21

Brokerage Directory — M id A tlantic Real Estate Journal — July 23 - August 19, 2021 — Inside Back Cover D

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Northern/Central New Jersey, Summer 2021 Capital Markets Snapshot Market begins to rebound, increased sales volume expected in second half

Total Trades 82 Total Volume $1.7b Arrows indicate direction of 1 st half year-over-year change Industrial Trades 34 Trades $536.5m $137/Sq. Ft. (Aggregate) Office Trades 29 Trades $993.4m $206/Sq. Ft. (Aggregate) MARKET AT A GLANCE

Retail Trades 19 Trades $126.3m $269/Sq. Ft. (Aggregate)

This report includes data from Middlesex, Somerset, Union, Essex and Morris Counties only

Figure 1: Historical Trading Activity

100 120 140 160

$2,500.00

102 Trades

$1.59 Billion

• Total volume for 1 st half (H1) 2021 at its second highest level in the last five years and 36% higher year-over-year, see Figure 1 • Total trades is below the five- year average but resembles pre-pandemic levels • Industrial sector continues to experience demand surge, trading at its highest price per sq. ft. in over five years

$2,000.00

$1,500.00

0 20 40 60 80

$1,000.00

$500.00

$0.00

H1 2017 H1 2018 H1 2019 H1 2020 H1 2021

Amount (Millions)

Transactions

Five-Year Average

Source: NAIDB Research, Summer 2021

Summer 2021 I Capital Markets

© 2021 NAI DiLeo-Bram & Co. | 1

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