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Land Development in New Jersey

Author.Name IBISWorld United States Last Updated: April 2025 NAICS NJ23721

Land Development in New Jersey industry analysis

The Land Development industry in New Jersey is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments increased an annualized x.x% to xxx locations. Industry employment has decreased an annualized -x.x% to xxx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x% to xxx locations. Industry employment is expected to increase an annualized x.x% to xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Land Development in New Jersey Market Research Report

What’s Included in the Land Development in New Jersey Market Research Report

Definition of the Land Development in New Jersey?

This industry services raw land (except cemeteries) and subdivides properties into lots for subsequent sale to builders. Land subdivision precedes building activity. Servicing of land may include excavation work for the installation of roads and utility lines, and operators may subcontract excavation and other activities to specialist contractors. Operators that perform only the legal subdivision of land are not included in this industry.

What’s included in the Land Development in New Jersey?

The Land Development in New Jersey includes subdividing property (except cemeteries) into lots for sale, developing property for sale (planning, amenities and power), land acquisition, assembling and subdivision and land subdivision and utility installation (e.g. electric, water and sewer). Related terms covered in the Land Development in New Jersey industry report includes refers to activities associated with making a property shovel-ready, such as obtaining regulatory approvals and designing communities, a building primarily intended for housing and consisting of one or more dwelling units, a house or other building in which people live and a building primarily intended for uses other than long-term residence.

Industry Performance of the Land Development industry in New Jersey

Benchmark the Land Development in New Jersey industry performance with all NJ county and national performance.

Land Development in New Jersey

#16 in Highest Revenue 1.1% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Land Development in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Land Development industry in New Jersey

See how key industry drivers, such as newly issued building permits, private investment in non-residential construction, house price index, value of private nonresidential construction, housing starts and yield on 10-year treasury note are impacting Land Development in New Jersey

New Jersey Economic Indicators

Newly issued building permits
Private Investment in Non-Residential Construction
House Price Index

View more economic information in NJ State Economic profile

US Key External Drivers

Value of private nonresidential construction
Housing starts
Yield on 10-year Treasury note

For the full list of industry drivers, see report purchase options.

County Data of the Land Development industry in New Jersey

Access proprietary data on county in the Land Development in New Jersey, such as Ocean County, Monmouth County and Morris County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Land Development industry in New Jersey

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Land Development industry in New Jersey in 2025?

The market size of the Land Development industry in New Jersey is $155.6m in 2025.

How many businesses are there in the Land Development industry in New Jersey in 2025?

There are 194 businesses in the Land Development industry in New Jersey, which has been growing at an average annual rate of 2.7% from 2020 to 2025.

Has the Land Development industry in New Jersey grown or declined over the past 5 years?

The market size of the Land Development industry in New Jersey has been declining at an average annual rate of -3.1% from 2020 to 2025.

How many employees in the Land Development industry in New Jersey in 2025?

There are 458 employees in the Land Development industry in New Jersey, which has been declining at an average annual rate of -0.6% from 2020 to 2025.