Around the State – Central JerseyOLD BRIDGE The vacancy rate for retail properties along central New JerseyÂs four largest shopping corridors increased to 4.3 percent in 2006, after hitting a 10-year low of 3.4 percent in 2005, according to a study conducted by retail real estate brokerage R.J. Brunelli & Co. Inc. There are 1.19 million square feet of vacant space along state highways 1, 9, 18 and 35 in Mercer, Middlesex, Monmouth counties and a small section of Ocean County, according to the brokerageÂs 10th annual study. Over the past 10 years, the regionÂs vacancy rate has ranged from the low of 3.4 percent set in 2005 to a high of 9.3 percent in 1997.
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