The Record / northjersey.com

Importantly, unlike during the recession, property values have been on the rise and commercial property vacancy rates, with the exception of office space, are generally pretty low. That makes property owners less likely to default on loans. The vacancy rates for North Jersey apartments and retail space this spring are about 4 percent and 5.3 percent, respectively, according to the Otteau Valuation Group Inc. in East Brunswick.

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