The Suburban / gmnews.com
East Brunswick currently has a 12 percent commercial vacancy rate. According to Banisch, a decline in people age 25 to 34 has also contributed to the flight of commercial ratables. Jeff Otteau, a real estate expert with the Otteau Valuation Group, has pinpointed the area between the Turnpike and West Ferris Street as a particular concern, noting that it would take 121 years to fill the retail space in this corridor at the current development rate.
