Location & Climate:

Land Area: 30.1 Square Miles

Latitude: 40.54 N

Longitude: 74.38 W

Average Climate in Edison

Based on data reported by more than 4,000 weather stations

Average Temperature: Source: (National Climate Data Center)

30° (F) in Wintertime;

75° (F) in Summertime

Extreme High: June 101° and July 104°

Average Temp: 55°

Extreme Low: Jan. & Feb. -2° and Dec -1°

Average Precipitation: 4” to 5”

Average Snowfall: Jan. 7” & Feb 8” & all year 23”

Humidity: 69% to 80 %

Wind Speed (MPH) 9 to 12 MPH

Source: (Edison, NJ Detailed Profile www.city-data.com/city/edison-newjersey.html

Population:

Population in July 2007: 102,317

Males: 50,197 (49.1%)

Females: 52,120 (50.9%)

Population Density: 3,397 people per sq. mile (Avg.)

Median Resident Age: 36.3 years

New Jersey Median Age: 36.7 years

Daytime Population Change Due to Commuting: +18,555

Workers Who Live and Work in Edison: 11,695 (23.7%)

Races in Edison:

White (46.6%)

Black (8.5%)

Latino (8.4%)

Asian (35.1%)

Other (1.2%)

Source: (www.MuniNetGuide.com/states/new_jersey/municipality/edison.php)

32,351 residents are foreign born (22.8% Asian, 4.9% Europe, and 3.7% Latin America)

Edison: 33.1% New Jersey: 17.5%

Estimated Median Household Income (2007):

Edison: $80,026 New Jersey: $67,035

Estimated Per Capital Income (2007):

Edison: $33,075 New Jersey: $33,832

2008 Cost of Living Index in Edison: 124.3 (US Avg. 100)

Housing:

Estimated Median House or Condo Value:

Edison: $397,400 New Jersey: $372,300

Average Household Size: 2.7 people

2000 Total Housing Units: 36,142

% 2000 Owner Occupied Housing Units: 62.43%

% 2000 Renter Occupied Housing Units: 35.12%

% 2000 Vacant Housing Units: 2.45%

Mean Prices (2007):

All housing Units: $420,976

Detached Houses: $469,333

Townhouses or Other Attached Units: $312,711

2 Unit Structures: $435,991

3 to 4 Unit Structures: $371,906

5 or More Unit Structures: $231,519

Mobile Homes: $46,774

Median Gross Rent (2007): $1,287

Percentage of Residents Living in Poverty (2007): 5.9%

Median Real Estate Property Taxes Paid for Housing Units with Mortgages (2007): $6,085 (1.5%)

Median Real Estate Property Taxes Paid for Housing Units with No Mortgages (2007): $6,030 (1.7%)

Education:

For Population 25 years of age and over in Edison

High School or Higher: 87.6%

Bachelors Degree or Higher: 42.3%

Graduate or Professional Degree: 17.2%

Unemployed: 9%

Mean Travel time to Work: 32.7 Minutes

Most Common Industries:

Accommodation and Food Service, Education Services

Broadcasting & Telecommunications, Finance & Insurance

Chemicals Healthcare

Construction, Profession Scientific&TechnicalService

Most Common Occupations:

Business Operates Specialist

Computer Specialist

Driver/Sales Workers and Truck Drivers

Material recording, Scheduling, dispatching and distributing workers

Other management Occupations, except farmers & Farm Managers

Other Production Occupations, including Supervisors

Other Sales and Related Workers, including Supervisors

Preschool, Kindergarten, Elementary & Middle School Teacher, Registered Nurses


                                               Office Market (Spring 2010)

Submarket	Inventory	Overall Availbility Rate	Net Absorption	Average Asking Rental Rate
Metropark/GSP	5,729,366	26.8%	-228,470	$29.14
Piscataway/I-287	9,780,810	37.2%	-197,942	$20.51
Somerset/I-78	8,475,470	25.2%	-178,750	$28.28