Commercial Real Estate Market On Long Beach Island NJ

Dated: 11/25/2013

Views: 2568

Commercial Real Estate on Long Beach Island NJ

Overall the commercial real estate market is the least active area of the entire LBI real estate market. Single family homes are by far the most active with roughly 30 closings each month, condominiums are next with around 2-5 closings each month, multifamily homes follow with about 2-3 transactions each month and commercial is a distant last with only about 1 transaction every 2-3 months! Between January 1st 2013 and November 1st, 2013 there were 5 sold commercial properties on Long Beach Island (one of which was a rental).

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