New Jersey’s retail market remains tight, driven by limited new construction and strong demand fueled by steady consumer spending. Over the past five years, the state added 8.8 million square feet of retail space, a 1.7% increase since 2019. High demand has kept occupancy rates above 96% throughout the year. Net absorption reached 2.1 million square feet in the last year, with central New Jersey leading at 811,000 square feet.
For more information about South Jersey retail space, or other New Jersey and Philadelphia commercial properties, please call 856-857-6300.
Wolf Commercial Real Estate, a full-service CORFAC International brokerage, and advisory firm, is a premier South Jersey commercial real estate brokerage firm that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors, and sellers.
