South Jersey Land

South Jersey LandWolf Commercial Real Estate, the leading Southern New Jersey commercial real estate brokerage firm, is your number one source for commercial South Jersey land parcels.  As part of our full range of Southern New Jersey commercial real estate services, we represent a number of undeveloped South Jersey commercial land sites for sale.

New Jersey may be the most densely populated state in the United States, but there are still a number of South Jersey land sites zoned for commercial, retail and mixed use available for development.  Prices for Southern New Jersey land sites are very reasonable right now and land owners and developers are actively looking for new property investments. If you are interested in Southern New Jersey land for sale, then look no further than Wolf Commercial Real Estate (WCRE), a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and commercial properties.

Whether you are a land owner with Southern New Jersey commercial land for sale or a developer or investor looking for opportunities to purchase Southern New Jersey land sites, Wolf Commercial Real Estate is the Southern New Jersey commercial real estate broker you need.  We are experts in Southern New Jersey commercial real estate services, matching buyers with sellers and owners with tenants locally and throughout the United States.

Trust Wolf CRE for Commercial South Jersey Land Parcels

The team at our South Jersey commercial real estate brokerage firm provides ongoing detailed information about South Jersey land for sale to our clients and prospects to help them achieve their real estate goals.  At Wolf Commercial Real Estate (WCRE), our Southern New Jersey commercial real estate services encompass the highest quality of service, proven expertise, and a total commitment to client-focused relationships.

For developers and investors seeking South Jersey commercial land parcels for sale, Wolf Commercial Real Estate can help you find the property that best suits your needs.  Our South Jersey commercial real estate brokerage firm has the people, the power and the connections to get you the right South Jersey commercial land sites at the right price.

The professionals at our South Jersey commercial real estate brokerage firm ensures that the sale or lease terms work hand in hand with your commercial real estate goals.  We work with land owners, land developers and municipalities to make sure that the Southern New Jersey commercial land for sale is properly permitted, zoned and represented.  At Wolf Commercial Real Estate, we partner with our clients from start to finish in order to facilitate a smooth transition.

For South Jersey land owners looking to sell their South Jersey commercial land parcels, Wolf Commercial Real Estate has developed a defined marketing process that we tailor to each property and sub-market.  Our proven marketing strategy works effectively to efficiently match buyers with available Southern New Jersey land parcels for sale.

Wolf Commercial Real Estate, a leading Southern New Jersey commercial real estate brokerage firm, currently has several Southern New Jersey commercial land sites for sale. Don’t miss your opportunity to secure the ideal Southern New Jersey land for sale at competitive prices.  For more information, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com), Leor Hemo (856-857-6302; leor.hemo@wolfcre.com), Scott Seligman (856-857-6305; scott.seligman@wolfcre.com) or Christina Del Duca (856-857-6304; christina.delduca@wolfcre.com) at Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings.

About Us

Wolf Commercial Real Estate is a South Jersey land and commercial real estate broker that provides a full range of Southern New Jersey commercial real estate services, marketing commercial offices, medical properties, investment properties, industrial properties, land parcels and retail buildings for buyers, sellers, tenants and investors.  Please click the links below for listings of Southern New Jersey land parcels for sale and other South Jersey commercial real estate listings from Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker.

Please click the links below for listings of South Jersey Office Spaces for Lease or Purchase.

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Prime South Jersey Land for Sale in Medford

3 Reeves Station RoadWolf Commercial Real Estate, a premier Southern New Jersey commercial real estate brokerage firm with expertise in South Jersey commercial real estate listings and services, now is offering 26 acres of prime South Jersey land for sale at 3 Reeves Station Road Medford NJ.

Located on a beautiful property between three lakes off Fostertown Road, this South Jersey land site for sale is zoned light industrial.  This Medford land for sale features a complex of three industrial buildings situated on a tranquil property.  This Southern New Jersey land for sale and the buildings on it are perfect for a rehabilitation.  This industrial land for sale in Medford also is ideal for use as a school, office campus or any manufacturing or distribution use.

There is approximately 44,000 square feet of industrial space in three buildings at this South Jersey land site for sale at 3 Reeves Station Road Medford NJ.  The main building on this industrial land for sale in South Jersey has 26,000 square feet (10,000 square feet for office use and a 16,000 square feet for warehouse use).

The asking sale price for this industrial land for sale in Medford is $1,450,000.  This South Jersey land for sale is available for immediate possession through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

The Southern New Jersey land for sale at 3 Reeves Station Road Medford NJ is situated just down the street from the Flying W Airport in Medford.  The location of this Medford land for sale allows for convenient access to nearby Routes 70 and 206.

Executive offices are located in the main building at this industrial land for sale in South Jersey.  Ceiling heights in the industrial buildings at this South Jersey land site for sale are 14 feet.  Heavy power is available in all buildings at this industrial land for sale in Medford at 3 Reeves Station Road Medford NJ.  Pylon signage at the street and building signage both are available at this Southern New Jersey land for sale through Wolf Commercial Real Estate, a Southern New Jersey commercial real estate brokerage firm with expertise in South Jersey commercial real estate listings and services.

Nearly 75,300 residents live within a five-mile radius of this Medford land for sale.  The average household income within the same area near this industrial land for sale in South Jersey is $114,337.

For more information about this South Jersey land for sale at 3 Reeves Station Road Medford NJ or about any other South Jersey commercial properties for sale or lease, please contact Christopher Henderson (856-857-6337; chris.henderson@wolfcre.com) or 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 a 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 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 the team at our Southern New Jersey commercial real estate brokerage firm.

South Jersey Land for Sale in Pennsauken

3477 Haddonfield RoadWolf Commercial Real Estate, the foremost South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services, is now offering South Jersey land for sale at 3477 Haddonfield Road and 3450 Saint Martin Road Pennsauken NJ.

This Southern New Jersey land for sale is an approximately 1.3-acre parcel that fronts on 3477 Haddonfield Road Pennsauken NJ and 3450 Saint Martin Road Pennsauken NJ.  There are two separate industrial buildings on this commercial land for sale in Pennsauken.

The industrial building on the commercial land for sale in South Jersey at 3477 Haddonfield Road Pennsauken NJ has 4,200 square feet.  The building on the Pennsauken land for sale at 3450 Saint Martin Road Pennsauken NJ has 2,840 square feet.

The asking sale price for this commercial land for sale in South Jersey at 3477 Haddonfield Road Pennsauken NJ and 3450 Saint Martin Road Pennsauken NJ is $675,000.  This Southern New Jersey land for sale is available for sale with 30 days notice to Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm with expertise in Southern New Jersey commercial real estate listings and services.

This commercial land for sale in Pennsauken with its two industrial buildings is ideal for a variety of uses.  There is outdoor fenced and gated secure storage on this Pennsauken land for sale.  This South Jersey land for sale also features pylon signage along Haddonfield Road.

The Southern New Jersey land for sale at 3477 Haddonfield Road Pennsauken NJ and 3450 Saint Martin Road Pennsauken NJ is just minutes from Routes 38, 70, 73 and I-295.  This commercial land for sale in Pennsauken is in close proximity to the Betsy Ross and Tacony-Palmyra bridges.  Parking is ample at this commercial land for sale in South Jersey through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in Southern New Jersey commercial real estate listings and services.

More than 268,000 residents live within five miles of this Pennsauken land for sale.  The average household income in the same radius of this Southern New Jersey land for sale is $87,718.

For more information about this South Jersey land for sale at 3477 Haddonfield Road Pennsauken NJ and 3450 Saint Martin Road Pennsauken 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 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 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 the team at our South Jersey commercial real estate brokerage firm.

Premier South Jersey Land Site for Sale in Marlton

16 Stow RoadWolf Commercial Real Estate, a leading South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services, is now offering a premier South Jersey land site for sale at 16 Stow Road Marlton NJ.

This South Jersey land for sale is located on Stow Road in the Evesboro section of Marlton NJ. The property at this South Jersey land parcel for sale has been approved for a two-story office building. There are 2.318 acres of developable South Jersey commercial land for sale at 16 Stow Road Marlton NJ.

The asking price for this land for sale in South Jersey is $295,000. This South Jersey land site for sale at 16 Stow Road Marlton NJ is immediately available for development. Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services, has been appointed exclusive sales agent to market this land for sale in South Jersey.

This South Jersey commercial land for sale through Wolf Commercial Real Estate, a South Jersey commercial real estate broker, is a fabulous opportunity as it has been approved for a 12,376 sf two-story office building.  The owner of this South Jersey land for sale also will build to suit.

This South Jersey land parcel for sale provides direct access to Route 73 and is within close proximity to I-295 and the New Jersey Turnpike. This South Jersey land site for sale at 16 Stow Road Marlton NJ also is located near hotels, banks, restaurants and retailers.

Nearly 189,000 people live within a five-mile of this prominent South Jersey commercial land for sale through Wolf Commercial Real radius Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

The median household income for people living within one mile of this South Jersey land for sale is $84,032. The median household income for people living within a three mile radius of this land for sale in South Jersey is $88,332.

A marketing brochure and property highlight materials are available upon request from Wolf Commercial Real Estate, the South Jersey commercial real estate broker that has been exclusively retained to market this South Jersey land parcel for sale.

For more information about this South Jersey commercial land for sale at 16 Stow Road Marlton NJ or about any other South Jersey commercial properties for lease or sale, please contact Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) or Christopher Henderson (856-857-6337; chris.henderson@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.

South Jersey Land Now Available For Sale in Cherry Hill NJ

496 North Kings Highway498 North Kings HighwayWolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services, now has available South Jersey land for sale at 496 & 498 North Kings Highway Cherry Hill NJ.

This well-located South Jersey land at 496 North Kings Highway Cherry Hill NJ is a 1.3-acre lot while the nearby land in South Jersey at 498 North Kings Highway Cherry Hill NJ consists of 1.2 acres of land for sale in South Jersey.

There are more than 261,000 potential customers living within a five-mile radius of this South Jersey land for sale through Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

The asking sale price for this South Jersey land is $1.495 million for 496 North Kings Highway Cherry Hill NJ and $1.1 million for 498 North Kings Highway Cherry Hill NJ. This South Jersey land for sale is available from Wolf Commercial Real Estate, a leading South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

This South Jersey land for sale at 496 & 498 North Kings Highway Cherry Hill NJ is Lot 1 of tax parcel 286.01. Both of these properties at 496 &498 North Kings Highway Cherry Hill NJ are a combined 2.5 acres. This land for sale in South Jersey has the potential for an excellent redevelopment opportunity.

This South Jersey land for sale is strategically located in the heart of Cherry Hill with easy access to Route 70, 38, I-295 and the New Jersey Turnpike. The prime location of this land in South Jersey puts it near a number of banks, restaurants, medical and retail facilities.

For more information about this South Jersey land for sale at 496 & 498 North Kings Highway Cherry Hill NJ, or about any other South Jersey commercial properties for sale, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) or Leor Hemo (856-857-6302; leor.hemo@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 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 sale or sale through our South Jersey commercial real estate brokerage firm.

Prime South Jersey Land with Office Complex/School Campus for Sale in Stratford NJ

710 Laurel RoadWolf Commercial Real Estate, a leading South Jersey commercial real estate brokerage firm that concentrates on Southern New Jersey commercial real estate listings and services, now has available prime South Jersey land for sale at 710 Laurel Road Stratford NJ.

This Stratford NJ land for sale contains three prestigious buildings totaling 25,200-square-feet in area. There is a 2,000-square-foot living quarter for the campus curator on a portion of the commercial land for sale in South Jersey at this South Jersey land site for sale.  This Southern New Jersey land for sale at 710 Laurel Road Stratford NJ comprises a total of 20.5 acres.

The asking price for this commercial land for sale in Stratford NJ is $2.15 million. This South Jersey land site for sale is being offered for sale by Wolf Commercial Real Estate, a South Jersey commercial real estate broker with expertise in Stratford commercial real estate listings and services.

This Southern New Jersey land for sale at 710 Laurel Road Stratford NJ is available for immediate possession. This commercial land for sale in South Jersey also has street pylon and building signage available. This South Jersey land site for sale is located at Block 87.01, Lot 4.01.

This Stratford NJ land for sale at 710 Laurel Road is close to the Rowan University School of Osteopathic Medicine and to Kennedy Health System. This Southern New Jersey land for sale is a one-of-a-kind Camden County property.

This commercial land for sale in South Jersey at 710 Laurel Road Stratford NJ has easy access to Route 30 and the Lindenwold PATCO Speedline station. This Stratford NJ land for sale can be purchased through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that concentrates on Southern New Jersey commercial real estate listings and Stratford commercial real estate listings.

Nearly 215,000 residents live within five miles of this commercial land for sale in Stratford NJ.  The median household income of those living in the same area of this South Jersey land site for sale is $67,300.

For details on this South Jersey land for sale at 710 Laurel Road Stratford NJ, about commercial land for sale in South Jersey or about any other South Jersey commercial properties for sale or lease, please contact Christopher Henderson (856-857-6337; chris.henderson@wolfcre.com) or Scott Seligman (856-857-6305; scott.seligman@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in Stratford commercial real estate listings and services.

Wolf Commercial Real Estate is a leading South Jersey commercial real estate broker that offers an array 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.

Prime South Jersey Land for Sale in Berlin

White Horse Pike and Pine StreetWolf Commercial Real Estate, a leading South Jersey commercial real estate brokerage firm that concentrates on Southern New Jersey commercial real estate listings and services, now has available prime South Jersey land for sale at White Horse Pike and Pine Street Berlin NJ.

This Berlin NJ land for sale is a development site for commercial use. There is about 32.17 acres of commercial land for sale in South Jersey at this South Jersey land site for sale.  This Southern New Jersey land for sale at White Horse Pike and Pine Street Berlin NJ comes in three parcels: 8.33 acres, 7.74 acres and 15.93 acres.

The asking price for this commercial land for sale in Berlin NJ is $965,000, or $30,000 an acre.  This South Jersey land site for sale is being offered for sale by Wolf Commercial Real Estate, a South Jersey commercial real estate broker with expertise in Berlin commercial real estate listings and services.

This Southern New Jersey land for sale at White Horse Pike and Pine Street Berlin NJ is ideal for retail and office use. This commercial land for sale in South Jersey is zoned Neighborhood Commercial.  This South Jersey land site for sale is located at Block 1502, Lots 1, 2 and 3.

This Berlin NJ land for sale is across the street from Dollar Tree and Bank of America. This commercial land for sale in Berlin NJ is within close proximity to the Berlin Shopping Center. About 20,000 cars per day — Annual Average Daily Traffic (AADT) — pass by the intersection of White Horse Pike and Pine Street near the entrance to this Southern New Jersey land for sale.

This commercial land for sale in South Jersey at White Horse Pike and Pine Street Berlin NJ has excellent frontage on Route 30. This Berlin NJ land for sale can be purchased through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that concentrates on Southern New Jersey commercial real estate listings and Berlin commercial real estate listings.

Nearly 97,000 residents live within five miles of this commercial land for sale in Berlin NJ.  The median household income of those living in the same area of this South Jersey land site for sale is $69,500.

For details on this South Jersey land for sale at White Horse Pike and Pine Street Berlin NJ, about commercial land for sale in South Jersey or about any other South Jersey commercial properties for sale or lease, please call or email Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) or Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in Berlin commercial real estate listings and services.

Wolf Commercial Real Estate is a leading South Jersey commercial real estate broker that offers an array 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.

Prime South Jersey Land for Sale

6 Park DriveWolf Commercial Real Estate, a top South Jersey commercial real estate brokerage firm that specializes in Southern New Jersey commercial real estate listings and services, now has available prime South Jersey land for sale at 6 Park Drive Berlin NJ.

This Berlin NJ land for sale is a prime commercial development site.  There is approximately 1.29 acres of commercial land for sale in South Jersey at this South Jersey land site for sale.  This Southern New Jersey land for sale at 6 Park Drive Berlin NJ is fully approved for a two-story building.

The asking price for this commercial land for sale in Berlin NJ is $225,000.  This South Jersey land site for sale is being offered for immediate sale by Wolf Commercial Real Estate, a South Jersey commercial real estate broker with expertise in Berlin commercial real estate listings and services.

This Southern New Jersey land for sale at 6 Park Drive Berlin NJ is ideal for a variety of uses, including office, medical, professional and retail development.  This commercial land for sale in South Jersey is zoned C-2 (Neighborhood Commercial).  This South Jersey land site for sale is located at Block 307, Lot 7 & 9.

Situated at a signalized corner, this Berlin NJ land for sale is across the street from Berlin Community Park.  This commercial land for sale in Berlin NJ is within close proximity to Routes 30 & 73.  Approximately 23,000 vehicles per day — Annual Average Daily Traffic (AADT) — pass by the intersection of Berlin-Cross Keys Road & Park Drive near the entrance to this Southern New Jersey land for sale.

This commercial land for sale in South Jersey at 6 Park Drive Berlin NJ is just minutes from Virtua Voorhees and many other amenities.  This Berlin NJ land for sale is now available through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in Southern New Jersey commercial real estate listings as well as Berlin commercial real estate listings.

Nearly 130,000 residents live within five miles of this commercial land for sale in Berlin NJ.  The median household income of those living in the same area of this South Jersey land site for sale is $66,700.

For more information about this South Jersey land for sale at 6 Park Drive Berlin NJ, about commercial land for sale in South Jersey or about any other South Jersey commercial properties for sale or lease, please contact Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) or Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate broker that is experienced in Berlin commercial real estate listings and services.

Wolf Commercial Real Estate is a leading South 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 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.

Well-Located South Jersey Land For Sale

1223 Haddonfield-Berlin RoadWolf Commercial Real Estate, a premier Southern New Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services, is now offering well-located South Jersey land for sale at 1223 Haddonfield Berlin Road Voorhees NJ.

This Voorhees NJ land for sale is a prime development site.  There are plus or minus 8.12 acres of Voorhees NJ land for sale at this South Jersey land site for sale. This Southern New Jersey land for sale is located at Block 263, Lots 11-15.

The asking price for this land for sale in South Jersey at 1223 Haddonfield Berlin Road Voorhees NJ is $1,195,000 ($147,167/acre).  This South Jersey land site for sale is available 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 well-located South Jersey land for sale at 1223 Haddonfield Berlin Road Voorhees NJ is rated B – Business.  This Voorhees NJ land for sale is ideal for a medical/professional, single-story office development.

This Southern New Jersey land for sale is in close proximity to Virtua Health System, Voorhees Towne Center and many other retail and regional health facilities.  Located on the well-traveled Haddonfield Berlin (Route 561) corridor, this land for sale in South Jersey provides easy access to Route 73 and 1-295.  This South Jersey land site for sale is now available through Wolf Commercial Real Estate, a premiere Southern New Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

More than 167,000 people live within a five-mile radius of this Southern New Jersey land for sale.  The median household income of those living within five miles of this land for sale in South Jersey is $70,939.

For more information about this South Jersey land for sale at 1223 Haddonfield Berlin Road Voorhees NJ or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) or Leor Hemo (856-857-6302; leor.hemo@wolfcre.com) at Wolf Commercial Real Estate, a leading Southern New Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate is a Southern New 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.

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

research information graphicApril 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.comwww.southjerseyretailspace.com, and www.southjerseymedicalspace.com.