Welcome to the South Jersey Suburbs

The South Jersey suburbs offer a diverse range of commercial real estate options, including office spaces, retail properties, industrial sites, and mixed-use developments. These suburbs are attractive to businesses due to their balance of accessibility, quality of life, and economic potential.

South Jersey Suburbs Commercial Real Estate Insights

Commercial properties in the South Jersey suburbs have a median sales price of about $500,000, with an average price per square foot at $100. These prices reflect the area’s growth potential. Retail expansion in Cherry Hill, Marlton, and Moorestown supports a growing population, while affordable office spaces appeal to small businesses and startups.

A notable development in the South Jersey suburbs is the Garden State Park project in Cherry Hill, developed by Edgewood Properties, a major mixed-use development featuring retail, residential, and office spaces. This project has revitalized a former racetrack site into a thriving community hub, enhancing the area's economic landscape.

People & Lifestyle

Parks and Recreation: The South Jersey suburbs offer numerous parks and recreational areas, including Cooper River Park and the Wharton State Forest, providing residents with ample green spaces for relaxation and activities.

Education: The area is home to a variety of public, private, and charter schools, contributing to its strong educational landscape. Notable institutions include Moorestown Friends School and Cherry Hill High School East.

Dining and Shopping: The South Jersey suburbs boast a wide array of dining options, from family-owned restaurants to upscale dining establishments. Popular places include Caffe Aldo Lamberti in Cherry Hill and NanXiang Soup Dumplings in Marlton. The area also has notable malls like Cherry Hill Mall and Moorestown Mall.

Cultural Attractions: Cultural institutions such as the Perkins Center for the Arts and the Moorestown Community House provide a range of cultural and artistic programs that enhance the community's cultural richness.

Community Spirit: Nonprofits and social service organizations also find a welcoming environment in the South Jersey suburbs, benefiting from supportive community engagement and cost-effective spaces. New developments prioritize sustainability and green spaces, aligning with community values.

Opportunities

Economic Landscape:

Industry Presence: The South Jersey suburbs have a strong presence in retail, logistics, healthcare, and professional services industries, supported by their strategic location and accessible amenities.

Employment Hubs: Key employers include health care facilities, educational institutions, and retail centers, contributing to the area’s strong job market.

Startups and Innovation: The area attracts small businesses and startups, supported by affordable real estate and a supportive business environment.

Business Incentives:

Tax Incentives: Various programs offer tax incentives for businesses, encouraging economic growth and development.

Grants and Loans: Financial programs provide grants and low-interest loans to support business expansion and entrepreneurship.

Business Improvement Districts (BIDs): Organizations like the Cherry Hill Business Improvement District help maintain and improve the area, enhancing the business environment.

Networking and Support:

Chambers of Commerce: Active organizations like the South Jersey Chamber of Commerce provide networking opportunities and business resources.

Professional Networks: Numerous industry-specific associations and local business groups facilitate connections and knowledge sharing.

Community Engagement: Local events, charity functions, and social clubs foster a strong sense of community and support for local businesses.

Economic Headwinds and Tailwinds

Headwinds:

• Economic Disparities: Economic disparities within the suburbs can affect overall growth and development.

• Aging Infrastructure: Some areas suffer from aging infrastructure, which can pose challenges for new developments and renovations.

• Regulatory Challenges: Complex zoning and permitting processes can slow down new developments and expansions.

Tailwinds:

• Strategic Location: Proximity to major cities like Philadelphia and New York enhances the area's appeal for businesses.

• Quality of Life: High quality of life and strong community engagement attract businesses and residents.

• Affordable Real Estate: Relatively affordable real estate prices make it attractive for startups and small businesses.

Conclusion

The South Jersey suburbs provide a dynamic setting for commercial real estate ventures, ideal for investment and business growth. Their balance of diverse real estate options, varied dining and entertainment scenes, and strong community engagement make them attractive destinations for businesses and residents alike.