A Rising Rental Market in the North

     By ANTOINETTE MARTIN/The New York Times

It appears another housing boom is under way, but just for rentals.

In northern New Jersey, where several big new buildings opened in the last few months, agents are describing the pace of leasing as “incredible” and “vigorous,” words that haven’t been used about the for-sale market in about five years.

Earlier this month, developers broke ground for three more rental buildings — one in condominium-heavy Fort Lee, another in Jersey City’s historic Paulus Hook neighborhood, and a third at Port Imperial in West New York, with each expressing blazing confidence in the market. READ MORE >>>

 

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