New Jersey Gold Coast

The Hudson River Waterfront has a combined population (2014) of approximately 625,000 people. If you incorporated the 625,000 people into a single city it would be the twenty first most populated city in the country with one of the smallest land areas of 35.7 square miles.  With continued development the Hudson River Waterfront on the New Jersey side is one of the most densely populated and diverse areas in the US.  Building along the NJ Gold Coast in towns like Jersey City, Hoboken, West New York, Weehawken, Edgewater and Fort Lee is booming, increasing the population and trying to compete for a NYC luxury rental market.

Of the various municipalities in the United States with over 50,000 people, Union City is the most densely populated.  Guttenberg, although one of the smallest municipalities is the most densely populated “town” in the country with a large majority of residents living in The Galaxy Condominium consisting of three large towers..

The region is very ethnically diverse. Jersey City is the twenty-first most racially diverse city in the United States and the most racially diverse on the East coast of the US.

West New York has 65.2%, Union City(58.7%, Palisades Park 57.0% Guttenberg 48.7%, Fairview 48.4% and Fort Lee 44.7% residents who were originally born in another Country.  The North Hudson area has the second largest Cuban American population in the United States after Miami.

The Korean American community especially around the Fort Lee, Pal Park and Leonia area represents over half of the state’s entire Korean population.

Palisades Park boasts the highest percentage among all municipalities in NJ while neighboring Fort Lee has the second largest cluster 5,978 and third highest proportion of Korean population.

The NJ Waterfront Luxury rental market continues to boom.  There is no short term end in sight.  Check out The SAint Moritz, The Alexander, The Modern, RiverParc, RiverTrace, RiversEdge, The AVenue, The Gateway, Maxwellplace, Park and Garden, The Gotham, and many more!!!!

Posted by: norentalfee on October 17, 2015
Posted in: Uncategorized