Page 8 - midJersey Business - July/August 2015

News Desk

WHAT’S HAPPENING IN MID-JERSEY BUSINESS

REAL ESTATE
LAND

BARONS

NEW JERSEY TOPS

THE NATION IN

LVALUE PER ACRE

ook down. You are standing

on some of the most valuable
real estate in the nation. Ac-

cording to a new report, New
Jersey land value is among the most

expensive in the country, worth more
per acre than any other state.

According to the Wall Street
Journal, the average value of an acre

of New Jersey land is $196,410. The
report is based on the results of a study

conducted by the U.S. Bureau of Eco-
nomic Analysis, which cites New Jer-

sey and Rhode Island among the most
developed states in the nation. Accord-

ing to the report, about 31 percent of

the land in both states is developed.
Fertile Soil

Here's where some other states'

land value per acre stand:

1 NEWJERSEY:$196,410

2 RHODEISLAND:$133,730

3 CONNECTICUT:$128,820

4 MASSACHUSETTS:$102,210

5 MARYLAND:$75,430

6 midJersey business.com