The past 12 months have marked a period of strong expansion in apartment supply across the Garden State, as just under 13,500 units were added across New Jersey, representing 2.5% of the existing inventory.
New Multifamily Supply Overwhelms Renter Demand Across Most of New Jersey
South Jersey Bucks the Elevated Vacancy Trend, Enjoys More Supply-Demand Equilibrium
By Mateusz Wnek
CoStar AnalyticsDecember 12, 2023 | 8:01 P.M.
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