Highly Visible South Jersey Retail Space for Sale or Lease

Wolf Commercial Real Estate, a leading Southern New Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services, now has available highly visible South Jersey retail space for sale or lease at 424 White Horse Pike Magnolia NJ.

This Southern New Jersey retail space for sale or lease is a single-story, freestanding South Jersey retail building with approximately 7,000 square feet of Magnolia retail space for sale or lease. A former AutoZone retail building, this South Jersey retail space for sale or lease at 424 White Horse Pike Magnolia NJ is ideal for open retail space. There is maximum flexibility to fit any type of retail or professional use at this retail space in Magnolia through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

The asking sale price for this Southern New Jersey retail space for sale or lease is $850,000 ($121.43/sf). The asking lease price for this Magnolia retail space for sale or lease is $12.00/sf NNN. This South Jersey retail building for sale or lease is available for immediate occupancy through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

Located on the heavily traveled White Horse Pike (Route 30), this South Jersey retail building for sale or lease at 424 White Horse Pike Magnolia NJ is just minutes from I-295 and is easily accessible to many of South Jersey’s key communities and also to Philadelphia. The busy retail corridor where this retail space in Magnolia is located offers many amenities and has large box retailers nearby. Parking is abundant at this Southern New Jersey retail space for sale or lease at a ratio of 6.25/1,000 sf.

Situated in a densely populated area, the demographics are excellent for this Magnolia retail space for sale or lease through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services. There are more than 270,500 people living within a five-mile radius of this South Jersey retail building for sale or lease. In addition, more than 32,000 vehicles per day pass by this retail space in Magnolia.

For more information about this South Jersey retail space for sale or lease at 424 White Horse Pike Magnolia NJ or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker.

Wolf Commercial Real Estate is the premier Southern New Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our Southern New Jersey commercial real estate brokerage firm.

Well-Located South Jersey Retail Space For Sale

Wolf Commercial Real Estate, a premier South Jersey commercial real estate brokerage firm that specializes in Southern New Jersey commercial real estate listings and services, is now offering well-located South Jersey retail space for sale in the Medford Lakes Retail Center at 668-676 Stokes Road Medford NJ.

Located in downtown Medford, this South Jersey retail building for sale is a tremendous investment opportunity. This Southern New Jersey retail space for sale is 100 percent leased and income producing with excellent cash flow. There is 7,720 square feet of Medford retail space for sale in this multi-tenanted neighborhood strip center at 668-676 Stokes Road Medford NJ.

The asking price for this South Jersey retail space for sale is $675,000, or $87.43 per square foot. This South Jersey retail building for sale is available through Wolf Commercial Real Estate, a premier South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services.

This Southern New Jersey retail space for sale in the Medford Lakes Retail Center has a projected 2014 income of $103,575 as leased at 100% occupancy, and estimated expenses of $37,723. The net operating income for this Medford retail space for sale is estimated at $65,852 for 2014. The estimated CAP rate for this South Jersey retail building for sale is 9.75%.

Financial data for this Medford retail space for sale at 668-676 Stokes Road Medford NJ is available upon request to Wolf Commercial Real Estate, a premier South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services.

Medford, the community where this Southern New Jersey retail space for sale is located, has distinguished itself as one of the premier suburbs in the Philadelphia area. Nestled within the beautiful landscape of the Pine Barrens, Medford is conveniently located in close proximity to both the Jersey Shore and the city of Philadelphia.

For more information about this South Jersey retail space for sale in the Medford Lakes Retail Center at 668-676 Stokes Road Medford NJ or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate is the leading South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our Southern New Jersey commercial real estate brokerage firm.

WCRE First Quarter Report: Heavy Snow Did Not Dampen First Quarter Commercial Real Estate Activity In Southern New Jersey

April 7, 2014 – Marlton, NJ – The second snowiest winter on record couldn’t stop the enthusiasm in the regional commercial real estate markets, according to the latest quarterly report by Wolf Commercial Real Estate (WCRE). Driven by job gains and growth in some industries, the region bounced back from the slight slow-down of the fourth quarter, posting a 26 percent increase in square feet leased compared with the first quarter of last year.

The report by the Southern New Jersey firm noted many positive trends during the first quarter, setting up for a solid 2014. “This year we’ve seen vacancy rates continue their slow, steady declines, unemployment in New Jersey heading in the right direction, and locally we have seen big shifts by some of the largest corporate players,” said Jason Wolf, founder and principal of WCRE. “A few national trends and headlines, such as declining unemployment nationwide, a cooling of international tensions, and expected increases in consumer confidence, are fueling the increased activity we’ve seen in our region.”

Even with historic severe weather, the CRE market was very busy during first quarter, with further stabilization of rents, the consummation of a mega-deal for a 24-building office/flex portfolio, and another large group of assets coming onto the market. There were approximately 397,141 square feet of new leases and renewals executed in the three counties surveyed. Notably, expansions and new deals remained strong this quarter, representing 54 percent of all transactions. Net absorption for the quarter was approximately 123,746 sf, a 20-point increase over the fourth quarter of 2013.

The report noted that many of the quarter’s subject properties were located in prime 3M locations within Burlington County, and that the tightening of those areas was causing demand to shift toward large vacancies in Camden County.

The two most noteworthy developments in the quarterly report were the closing of Liberty Property Trust’s (NYSE: LRY) disposition of its entire office/flex portfolio in the region, and Brandywine Realty Trust’s (NYSE: BDN) listing a portion of its area portfolio for sale. The Liberty Property Trust portfolio, comprising 1,188,285 square feet in 24 buildings, was purchased by Somerset Properties. Brandywine has listed five office buildings totaling 397,000 square feet.

Other office market highlights from the report:

— Burlington County continued to maintain a significantly lower vacancy rate than Camden County, at 9.6 percent compared with Camden’s 19.3 percent, though both counties saw decreases of more than a point this quarter.

— Average rents for Class A & B product continue to show strong support in the range of $11.00-$14.00/sf NNN or $21.00-$24.00/sf gross, with an overall market average showing strong support in the $11.00-$11.50/sf NNN or $21.00-$21.50/sf gross for the deals completed during the first quarter. This is essentially unchanged from the previous quarter.

— New lease activity for Q1 is in the range of approximately 215,910 square feet of new deals and/or expansions and approximately 181,231 square feet of renewals, for a total of approximately 397,141 square feet of leasing activity.

— All of the major private owners and REITS showed a significant increase in prospect activity for the quarter, and are all cautiously optimistic for 2014.

— Businesses that specialize in banking, consulting, government, information technology and financial services all were very active in Southern New Jersey during the first quarter.

WCRE also reported on the local retail market, noting that the first quarter experienced a lull, which was driven in part by the weather and in part by a weak holiday shopping season. Highlights from the retail section of the report include:

— Overall retail vacancy in the tri-county area is hovering around 15.2%, up several points from a fourth quarter marked by disappointing retail sales figures.

— Class A retail product rental rates continue to show strong support in the range of $30.00-$40.00/sf NNN, which is essentially unchanged from the previous several quarters.

— Class B product shows support in the range of $15.00-$25.00/sf NNN.

The full report is available upon request.

WCRE is a full-service commercial real estate brokerage and advisory firm specializing in office, retail, medical, industrial and investment properties in Southern New Jersey and the Philadelphia region. We provide a complete range of real estate services to commercial property owners, companies, banks, commercial loan servicers, and investors seeking the highest quality of service, proven expertise, and a total commitment to client-focused relationships. Through our intensive focus on our clients’ business goals, our commitment to the community, and our highly personal approach to client service, WCRE is creating a new culture and a higher standard. We go well beyond helping with property transactions and serve as a strategic partner invested in your long term growth and success.

Learn more about WCRE online at www.wolfcre.com, on Twitter @WCRE1, and on Facebook at Wolf Commercial Real Estate, LLC. Visit our blog pages at www.southjerseyofficespace.com, www.southjerseyretailspace.com, and www.southjerseymedicalspace.com.

Premier South Jersey Retail Space for Lease in Cinnaminson

Wolf Commercial Real Estate, a leading South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services, now has available premier South Jersey retail space for lease in the Pep Boys Plaza Shopping Center in Cinnaminson.

Located at a high traffic corner on Route 130, this Southern New Jersey retail space for lease at 202 Route 130 North Cinnaminson NJ has multiple spaces available for immediate occupancy. There are retail units ranging from 2,000 to 7,000 square feet in this Cinnaminson retail space for lease in the Pep Boys Plaza Shopping Center.

The asking lease rate for this South Jersey retail space for lease at 202 Route 130 North Cinnaminson NJ is $15.00/SF NNN. This retail space in South Jersey is available through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in Southern New Jersey commercial real estate listings and services.

Tenants currently leasing units in this Southern New Jersey retail space for lease at 202 Route 130 North Cinnaminson NJ include Pep Boys, Subway, Eastern Dental, Zio’s Tuscan Grille and more. This well-placed Cinnaminson retail space for lease is located across from a retail power center, The Shoppes at Cinnaminson. Other retailers near this retail space in South Jersey include TD Bank, Dunkin Donuts, McDonald’s Burlington Coat Factory, ShopRite and many other national retail chains.

More than 360,000 potential customers live within a five-mile radius of this Southern New Jersey retail space for lease through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services.

There is ample parking at this retail space in South Jersey at a ratio of 4.08/1,000 sf. On average, more than 55,000 vehicles pass through the intersection of Route 130 and Highland Avenue where this Cinnaminson retail space for lease is located.

For more information about this South Jersey retail space for lease in the Pep Boys Plaza Shopping Center at 202 Route 130 North Cinnaminson NJ or about any other South Jersey commercial properties for sale or lease, please contact Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) or Todd Levin (856-857-6319; todd.levin@wolfcre.com) at Wolf Commercial Real Estate, the foremost South Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate is a premier South Jersey commercial real estate broker that provides a full range of Southern New Jersey commercial real estate listings, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Centrally Placed Southern New Jersey Retail Space For Lease In Voorhees

Wolf Commercial Real Estate, a top Southern New Jersey commercial real estate broker that has expertise in Southern New Jersey commercial real estate listings and services, is now offering well placed Southern New Jersey retail space for lease at 200-300 White Horse Road Voorhees NJ.

This centrally placed retail space in Southern New Jersey is in the Echo Shoppes shopping center. Surrounded by established, high-density residential neighborhoods with exemplary demographics, this Southern New Jersey retail space for lease is positioned in an area with a large number of potential customers.

The asking lease price of this well placed retail space in Southern New Jersey is $14.00 per square foot NNN. There are, as well, attractive lease terms for this Southern New Jersey retail space for lease at 200-300 White Horse Road Voorhees NJ.

There are three units available for lease at this retail space in Southern New Jersey. One in Building 200 has 1,404 square feet and while there are two available in Building 300, one with 2,800 square feet and the other with 2,878 square feet in this Southern New Jersey retail space for lease. This retail space in Southern New Jersey is available for immediate lease through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate brokerage firm that is expert in Southern New Jersey commercial real estate listings and services.

The Echo Shoppes shopping center which is the location of this retail space in Southern New Jersey is surrounded by a diverse mix of existing tenants. There also is open access to this Southern New Jersey retail building for lease from busy White Horse Road, as well as from the nearby White Horse Pike and Haddonfield-Berlin Road. This Southern New Jersey retail space for lease also is within close proximity to Routes 70, 73 and I-295.

There is centrally placed tenant signage at this Southern New Jersey retail space for lease through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker that is expert in Southern New Jersey commercial real estate listings and services. Parking is ample at this Southern New Jersey retail building for lease with 130 spaces.

This Southern New Jersey retail building for lease in the Echo Shoppes shopping center at 200-300 White Horse Road Voorhees NJ is placed near the Flyers Skate Zone, the Woodcrest Country Club, several professional and medical offices and a regional branch of the Camden County Library.

For more information about this Southern New Jersey retail space for lease at 200-300 White Horse Road Voorhees NJ or about any other Southern New Jersey commercial properties for sale or lease, please contact Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) at Wolf Commercial Real Estate, a Southern New Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate is the industry leading Southern New Jersey commercial real estate broker that provides a full range of Southern New Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Southern New Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a complete listing of Southern New Jersey commercial properties for lease or sale through our Southern New Jersey commercial real estate brokerage firm.

South Jersey Retail Space for Lease in Sicklerville

Wolf Commercial Real Estate, a leading South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services, is now offering South Jersey retail space for lease at 2897-2919 New Brooklyn Erial Road Sicklerville NJ.

This single-story South Jersey retail building for lease is situated in a densely populated residential area, offering excellent exposure to potential customers. This Southern New Jersey retail space for lease is located in Garwood Plaza, a shopping center with several existing successful retailers. Among the tenants in Garwood Plaza, where this retail space in South Jersey is located, is Gallery Pizza, a neighborhood institution for 32 years.

There are four units available in this South Jersey retail building for lease at 2897-2919 New Brooklyn Erial Road Sicklerville NJ. Each of the four units provides 1,500 squares feet of South Jersey retail space for lease. The maximum contiguous space available at this Southern New Jersey retail space for lease is 4,500 square feet.

The asking price of this retail space in South Jersey at 2897-2919 New Brooklyn Erial Road Sicklerville NJ is $13.50/sf NNN. This South Jersey retail building for lease is available for immediate occupancy through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services.

This Southern New Jersey retail space for lease in the Garwood Plaza at 2897-2919 New Brooklyn Erial Road Sicklerville NJ is under mew management. Sicklerville, where this retail space in South Jersey is sited, features a business friendly environment and is one of the fastest growing communities in New Jersey. This South Jersey retail space for lease is being offered by Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in Southern New Jersey commercial real estate listings.

Nearly 185,000 potential customers live within a five-mile radius of this retail space in South Jersey. The average household income of residents living within five miles of this South Jersey retail building for lease is $80,099.

This Southern New Jersey retail space for lease has pylon and store signage available. Parking is ample at this South Jersey retail building for lease at a ratio of 7.42/1,000 sf.

For more information about this South Jersey retail space for lease in the Garwood Plaza at 2897-2919 New Brooklyn Erial Road Sicklerville NJ or about any other South Jersey commercial properties for sale or lease, please contact Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) or Todd Levin (856-857-6319; todd.levin@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services.

Wolf Commercial Real Estate is a premier South Jersey commercial real estate brokerage firm that provides a full range of Southern New Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

South Jersey Retail Space for Lease in Mount Holly

Wolf Commercial Real Estate, a leading South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services, is now offering highly attractive South Jersey retail space for lease at 1649 Route 38 West Mount Holly NJ.

This retail space in South Jersey is located in the Hollyedge Shoppes in Mount Holly, a well-established, successful retail shopping center with great visibility and signage on busy Route 38. With a very aggressive rental rate and low operating expenses, this Southern New Jersey retail space for lease will be highly attractive to potential retailers.

There are two storefronts available for lease at this retail space in Southern New Jersey that is available through Wolf Commercial Real Estate, a South Jersey commercial real estate broker. Store #1 at this South Jersey retail building for lease in the Hollyedge Shoppes offers 2,100 square feet of highly visible South Jersey retail space for lease. This Southern New Jersey retail space for lease at 1649 Route 38 West Mount Holly NJ is available for immediate possession.

Stores #4-6 at this South Jersey retail building for lease has 5,100 square feet of South Jersey retail space for lease. This retail space in South Jersey will become available for lease in the first quarter 2014.

The asking lease price for this retail space in Southern New Jersey in the Hollyedge Shoppes at 1649 Route 38 West Mount Holly NJ is $14.00/sf NNN. This Southern New Jersey retail space for lease is available through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

This South Jersey retail building for lease is located in Mount Holly, a fast growing township in Burlington County and an Urban Enterprise Zone (UEZ) community. The location of this retail space in South Jersey within an Urban Enterprise Zone offers tremendous tax advantages and assistance programs for qualified businesses of all sizes and in all stages of development. UEZ program incentives at this South Jersey retail space for lease include certain tax exemptions and reductions, including 100% sales tax exemption for specified material and tangible personal property; corporate tax credits; and subsidized unemployment insurance costs. Loan programs and grant programs also are available to assist businesses in a variety of ways.

There are more than 37,000 potential customers living within a three-mile radius of this Southern New Jersey retail space for lease in the Hollyedge Shoppes at 1649 Route 38 West Mount Holly NJ. Nearly 37,000 vehicles per day travel by this South Jersey retail space for sale, and there is abundant parking at this retail space in Southern New Jersey. This retail space in South Jersey is being offered by Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

For more information about this Southern New Jersey retail space for lease in the Hollyedge Shoppes at 1649 Route 38 West Mount Holly NJ, or about any other South Jersey commercial properties for lease or sale, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com), at Wolf Commercial Real Estate, the foremost South Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Prime South Jersey Retail Space for Lease

Wolf Commercial Real Estate, a leading Southern New Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services, now has available prime South Jersey retail space for lease at 226 Haddonfield Road Cherry Hill NJ.

This South Jersey retail building for sale sits on meticulously maintained grounds directly across the street from the Cherry Hill Mall. The highly visible location of this retail space in South Jersey provides outstanding daily exposure to thousands of shoppers leaving the mall from one of its busiest exits/entrances. In addition, there is a traffic light at Haddonfield Road and Dudley Avenue where this Southern New Jersey retail space for lease is located.

A massive exterior renovation was recently completed at this South Jersey retail building for sale through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

This retail space in South Jersey at 226 Haddonfield Road Cherry Hill NJ has a single unit totaling 3,018 square feet available for lease. This Southern New Jersey retail space for lease is the perfect location for retail operations seeking daily maximum exposure to thousands of potential customers. A men’s apparel store currently is a tenant in this South Jersey retail space for lease.

The asking lease price of this highly visible retail space in South Jersey at 226 Haddonfield Road Cherry Hill NJ is $15.00 per square foot NNN. The building that houses this Southern New Jersey retail space for lease also is available for sale as a multi-tenant investment opportunity. Information regarding the sale terms is available by request only to Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker.

More than 126,000 potential customers reside within three miles of this South Jersey retail building for sale. There is excellent pylon and store signage at this South Jersey retail space for lease at 226 Haddonfield Road Cherry Hill NJ. Parking is abundant at this Southern New Jersey retail space for lease at a ratio of 2.50/1,000 sf. This retail space in South Jersey is available for immediate occupancy through Wolf Commercial Real Estate the foremost Southern New Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

Cherry Hill, where this South Jersey retail building for sale is located, is the heart of business and commerce in South Jersey, with hundreds of restaurants and stores within its borders. It is the prime shopping destination for people of all income levels from the surrounding counties, with a key focus being the Cherry Hill Mall that is directly across the street from this retail space in South Jersey.

For more information about this South Jersey retail space for lease at 226 Haddonfield Road Cherry Hill NJ or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com), Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) or Todd Levin (856-857-6319; todd.levin@wolfcre.com) at Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker.

Wolf Commercial Real Estate is the premier Southern New Jersey commercial real estate brokerage firm that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our Southern New Jersey commercial real estate brokerage firm.

Fourth Quarter Report: Quarter Recaps Year of Mostly Solid Growth in Southern New Jersey Commercial Real Estate Market

Despite some moderation in leasing activity in the fourth quarter of 2013, the overall year for the Southern New Jersey commercial real estate market showed mostly solid growth that likely paved the way for an even better 2014, according to a new quarterly market analysis issued by Wolf Commercial Real Estate, a leading Southern New Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.
The report by the South Jersey commercial real estate broker noted many positive trends during the fourth quarter and the year, with the South Jersey commercial real estate market again proving its resiliency.

“Total leasing activity was slightly off this quarter compared with the fourth quarter of 2012, but we saw 14.5% growth in activity in our market in 2013,” said Jason Wolf, founder and principal of Wolf Commercial Real Estate. “As exciting as it is to report this surge, based on the conditions in place, we expect 2014 to be even stronger.”

The Southern New Jersey commercial real estate market was busy in the fourth quarter, with further stabilization of rents, a pending mega-deal for a 24-building office/flex portfolio, and a great deal of prospecting setting up a high number of transactions that will consummate in the early part of the new year, according to the fourth quarter report from Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

South Jersey office space, South Jersey retail space and other South Jersey commercial properties saw approximately 374,121 square feet of new leases and renewals executed in the three counties surveyed, representing a decline of nearly 1.7% compared to the fourth quarter of 2012. But for the year, the report said, there was +/-1,625,190 square feet of total South Jersey commercial real estate market activity, compared to +/-1,419,276 square feet in 2012. Notably, expansions and new deals remained strong this quarter, with net absorption at approximately 102,294 sf.

The continuing nationwide economic rebound in part powered the strong demand in the Southern New Jersey commercial real estate market, the Southern New Jersey commercial real estate brokerage firm reported. The stock market achieved several record high closes, closing the year up 26%, and both New Jersey’s and the nation’s unemployment rates improved. New Jersey’s unemployment rate fell to 7.8% at the end of the fourth quarter, dropping nearly two full points over the year. The national unemployment rate stood at 7% as yearend 2014.

The two most noteworthy developments in the quarterly report were the further reduction of the region’s vacancy rate for Southern New Jersey office space, Southern New Jersey retail space and other South Jersey commercial properties, which now is down to approximately 15%, and Liberty Property Trust’s (NYSE: LRY) announcement that its entire office/flex portfolio in the region was put under agreement. The portfolio comprises 1,188,285 square feet in 24 buildings.

Other South Jersey office space market highlights noted in the report from Wolf Commercial Real Estate, a South Jersey commercial real estate broker specializing in South Jersey commercial real estate listings and services:

• Average rents for Class A & B South Jersey office space continue to show strong support in the range of $11.00-$14.00/sf NNN or $21.00-$24.00/sf gross, with an overall market average showing strong support in the $11.00-$11.50/sf NNN or $21.00-$21.50/sf gross for the deals completed during the fourth quarter. This is essentially unchanged from the previous quarter.

• A large share of the region’s vacancies were in Voorhees, Pennsauken, and the west side of Cherry Hill, while Moorestown, Marlton and Mount Laurel (3M) continued to show strength. Burlington County maintained a significantly lower vacancy rate in the South Jersey commercial real estate market than Camden County.

• There was a very active pipeline of deals for Southern New Jersey office space that will be completed soon, covering approximately 400,000 sf.

• All of the major private owners and REITS showed a significant increase in prospect activity for the quarter, and are all cautiously optimistic for 2014.

For the South Jersey retail space market, the Southern New Jersey commercial real estate broker reported that despite weak holiday sales figures, retail leasing activity in Southern New Jersey was strong, with owners cautiously optimistic. Highlights on the Southern New Jersey retail space market include:

• Overall South Jersey retail space vacancy in the tri-county area is hovering around 10.7%, marking tremendous improvement from the end of 2012, when it was in the 17-18% range.

• Class A retail product rental rates for Southern New Jersey retail space continue to show strong support in the range of $30.00-$40.00/sf NNN.

• Class B product for South Jersey retail space shows support in the range of $15.00-$23.00/sf NNN.

The full report is available upon request from Wolf Commercial Real Estate, a South Jersey commercial real estate broker specializing in South Jersey commercial real estate listings and services.

For more information about Southern New Jersey office space, Southern New Jersey retail space or any South Jersey commercial properties, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com), Leor Hemo (856-857-6302; leor.hemo@wolfcre.com), Christina Del Duca (856-857-6304; christina.delduca@wolfcre.com), Todd Levin (856-857-6319; todd.levin@wolfcre.com) or Scott Seligman (856-857-6305; scott.seligman@wolfcre.com) at Wolf Commercial Real Estate, the foremost Southern New Jersey commercial real estate broker.

Wolf Commercial Real Estate is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our Southern New Jersey commercial real estate brokerage firm.

Prime South Jersey Retail Space for Lease in Marlton

Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services, is now offering prime South Jersey retail space for lease in the Allison Shopping Center at 27 North Maple Avenue Marlton NJ.

Significant exterior renovations are planned for this premier South Jersey retail building for lease, including the addition of a corner tower and new signage for each retail outlet.

There are units ranging from 1,425 to 3,600 square feet available in this South Jersey retail building for lease through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services. The Allison Shopping Center ownership also can create up to 19,000 square feet for a large-block occupant in this retail space in South Jersey at 27 North Maple Avenue Marlton NJ.

There are several long-standing, popular tenants already in place, this retail space in South Jersey including a pizzeria, a florist and a convenience store. The asking lease rate for this South Jersey retail space for lease is $12 per square foot NNN. The units in this Southern New Jersey retail space for lease are available for immediate occupancy.

This South Jersey retail building for lease in the Allison Shopping Center at 27 North Maple Avenue Marlton NJ is situated in the midst of several highly populated neighborhoods. More than 85,000 potential customers live within three miles of this Southern New Jersey retail space for lease through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

This retail space in South Jersey is located near the intersection of North Maple Avenue and the Marlton Pike (Route 70) in the Allison Shopping Center. This excellent location provides convenient access to Route 70 and to Route 73, just one block west. Parking is plentiful at this South Jersey retail building for lease at 6.5/1000 sf. On average, nearly 18,000 vehicles drive by the Allison Shopping Center at 27 North Maple Avenue Marlton NJ. There are building and pylon signs available for tenants at this Southern New Jersey retail space for lease.

For more information about this South Jersey retail space for lease in the Allison Shopping Center at 27 North Maple Avenue Marlton NJ or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, the foremost South Jersey commercial real estate broker.

Wolf Commercial Real Estate is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.