Of all the apartments available in the region, only 0. 38% are new.

The report cites this as a.

Webin the report, north jersey had a rental competitive index score of 85. 3.

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Webthat led to a rental competitivity index rate of 115, compared to the national rate of 60, at the start of 2023.

Between 2021 and 2022, rent jumped 17. 32%,.

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