Bloomfield, NJ
Commercial Real Estate Market Trends & Data

$383 per SF Avg asking sale price
$24 per SF Avg asking lease rate
6,944 SF Avg unit lease size
9,428 SF Avg building size for sale
6.96% Average cap rate

Bloomfield's Demographic Profile

Bloomfield has 20,078 households and a median income of $84,509, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 51,262
# Households 20,078
Median age 39
Median household income $84,509
Avg household size 3.0
Renter-occupied housing units 10,805
5-year population change -2%

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Bloomfield $410 4,245 SF 8.55%
Montclair $331 11,755 SF 5.00%
Belleville $255 2,989 SF 9.26%
Nutley $367 4,390 SF 9.26%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Bloomfield $289 27,642 SF 7.50%
Glen Ridge $146 75,872 SF 7.50%
Montclair $419 38,686 SF 7.50%
Nearby Retail Markets Avg Cost/SF Typical Size
Bloomfield $393 4,482 SF
Glen Ridge $435 573 SF
Montclair $494 4,573 SF
Belleville $387 5,755 SF
Nutley $309 4,749 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Bloomfield $370 16,812 SF 7.22%
Montclair $245 10,163 SF 7.22%
Belleville $361 9,249 SF 7.02%
Nutley $548 10,413 SF 7.02%
East Orange $193 20,734 SF 6.62%

Commercial Properties For Sale in Bloomfield

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

High-Traffic Retail/Residential Mixed Use

Bloomfield, NJ 07003

  • 4,980 SF Retail Building
  • Auction Sale
For Sale

The Landmark Bldg

Montclair, NJ 07042

  • 7,998 SF Retail Building
  • 5.45% Cap Rate
  • $2,350,000
For Sale

401 Orange Rd

Montclair, NJ 07042

  • 2,509 SF Retail Building
  • $1,100,000
For Sale

661 Franklin Ave

Nutley, NJ 07110

  • 4,627 SF Office Building
  • 8.55% Cap Rate
  • $999,000
For Sale

52 Washington St

West Orange, NJ 07052

  • 10,000 SF Retail Building
  • $2,750,000
For Sale

Nutley Portfolio

Nutley, NJ

  • $3,000,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Bloomfield pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Bloomfield $383 9,428 SF
Glen Ridge $470 15,254 SF
Montclair $406 10,759 SF
Belleville $316 12,939 SF
Nutley $358 6,379 SF

Multifamily Properties For Sale in Bloomfield

For Sale

North Newark at Belleville Border

Newark, NJ 07107

  • 5,218 SF Multifamily
  • $1,250,000
For Sale

214 Glenwood Ave

East Orange, NJ 07017

  • 70,520 SF Multifamily
  • 6.62% Cap Rate
  • $7,650,000

Regional Demographic Comparison

This comparison places Bloomfield alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Bloomfield or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Bloomfield 51,262 20,078 39 $84,509 3 10,805 -2%
Montclair 27,662 11,427 41 $124,305 2 6,394 -1%
Belleville 36,015 13,369 41 $73,499 3 6,702 -3%
Nutley 29,875 11,646 43 $105,200 3 4,205 -2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Bloomfield, NJ and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Bloomfield

View All Commercial Real Estate For Sale in Bloomfield
Is Bloomfield a good market for a first-time commercial real estate investor?

Bloomfield offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Bloomfield?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Bloomfield. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Bloomfield?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Bloomfield. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Bloomfield compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Bloomfield. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Bloomfield acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Bloomfield, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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