Feeding the Rental Appetite

via The New York Times/Antoinette Martin (originally published Feb. 2, 2012)

The 422-unit 18 Park in Jersey City./IRONSTATE DEVELOPMENT

HUDSON COUNTY indisputably rules the rental housing market in New Jersey: It has the largest supply of Class A units — around 13,000, according to industry experts — and commands the highest average rental rates of any part of the state. This year and next, that rental kingdom is projected to grow rapidly.

Developers are already at work on, or have recently announced, projects that will add several thousand more units in waterfront communities like Hoboken, Jersey City and Weehawken, and hundreds of other units elsewhere.  READ MORE >>>

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