Clarus Glen Ridge, a luxury rental community, has achieved a 100% lease up milestone in less than six months.
Data sourced from apartment listings show that rents in New Jersey’s second-largest city rank just below those in major metropolises like New York and Los Angeles.
The City of Newark could spend more than $3.5 million of funding that it has received through the CARES Act on rental assistance, microenterprise assistance, and "special economic development activities."
It’s Not Just Single-Family Demand Surging, COVID-Flight Drove Record Interest to These N.J. Communities
Most headlines about the COVID migration have focused on city-dwellers ditching apartments for single-family homes. However, there’s also been a surge in activity at lower-density, commuter-friendly communities.
Despite some pushback, the town’s council passed a rent control law that will limit annual increases on apartment leases to 4.25% and 2.5% for seniors.
A recent study of housing trends during the 2010s shows renter populations increased dramatically throughout the Garden State, especially among well-heeled residents.
A firm has secured $77.75 million in funding for Vinty, a 267-unit residential project with retail and office space across from the Elizabeth train station.
The mixed-use transit-oriented community will have a mix of studio, one-, two-, and three-bedroom apartments for rent as well as on-site amenities and retail.
Developers recently broke ground on Netherwood Flats, a 70-unit residential project with ground-floor retail located in Plainfield.
The five most expensive zip codes for leasing a home fall in cities along the Hudson River coastline, but a few popular suburban towns aren’t too far behind.
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