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Salespersons,

Please take a few moments to fill out this survey regarding the past quarter. There are two surveys as we were limited to the amount of questions. The first survey is 10 questions and the second is 7 questions. We will be using the data for our Quarterly Market Report of which you all have access to via our website. I will be glad to send you a PDF copy if you would like to send it to your clients, but keep in mind, you can always send a link to the page on our site, or download the most up to date one off our site as well.

It is very important for us to gather your data so we can form a more robust report. This will help every broker so please do your best to be as accurate as possible.

Your survey responses will be strictly confidential and data from this research will be reported only in the aggregate. Your information will be coded and will remain confidential. If you have questions at any time about the survey or the procedures, you may contact myself at extension 120 or by email at [email protected].

Thank you very much for your time and support. Please start with the survey now by clicking on the Continue button below.

Thanks again,
Whitney
 
 
 
Please indicate whether your area is Northern or Central New Jersey
 
Northern (North of Carteret)
 
Central (South of Carteret)
 
Northern & Central
 
 
 
In your experience, please indicate the ASKING LEASE RATES ($/PSF) for the following INDUSTRIAL markets?
   
Fairfield
   
Meadowlands
   
Port
   
Exit 10
   
Exit 8A
   
Exit 7A
   
 
 
 
In your experience, please indicate the ASKING SALE PRICE for the following INDUSTRIAL markets?
   
Fairfield
   
Meadowlands
   
Port
   
Exit 10
   
Exit 8A
   
Exit 7A
   
 
 
 
In your experience, please indicate the ASKING LEASE RATES $/PSF for the following OFFICE markets?
   
Fairfield
   
Meadowlands
   
Port
   
Exit 10
   
Exit 8A
   
Exit 7A
   
 
 
 
How does leasing activity in your market compare with its long-term average volume? (Normal meaning 10 year average ± 10%)
 
Much lower than normal
 
Slightly lower than normal
 
Normal (about in line with long-term averages)
 
Slightly higher than normal
 
Much higher than normal
 
 
 
How do asking lease rates in the market compare to a year ago?
 
Much lower
 
Slightly lower
 
About the same as last year
 
Slightly higher
 
Much higher
 
 
 
How is the current vacancy in the market compared to a year ago?
 
Much lower
 
Slightly lower
 
About the same as last year
 
Slightly higher
 
Much higher
 
 
 
What are subleasing conditions like in your market?
 
Glut of sublease space on the market
 
Ample sublease space available for prospective tenants
 
Normal volume of sublet space being offered
 
Sublease space is only a small influence on the market
 
Little sublease space available, at rents close to directly offered space
 
 
 
In negotiations between landlords and tenants, what level of tenant concessions characterize your market?
 
Deep discounts to face or asking rents are available, substantially reducing effective rent.
 
The market favors tenants and moderate levels of concessions are typical.
 
The market is in normal negotiating balance (meaning neither the landlord or tenant has a favorable advantage at the bargaining table, that both parties are at relatively equal strength in determing the details of the leasing contract).
 
The market favors the landlord and concessions are generally insignificant.
 
No concessions are available as the landlords have strong bargaining power.
 
Thank you for taking the time to complete this survey. Please make sure to complete both surveys.