Cranford, NJ
Commercial Real Estate Market Trends & Data

$332 Avg asking sale price
$27 Avg asking lease rate
21,775 SF Avg unit lease size
15,808 SF Avg building size for sale
6.12% Average cap rate

Cranford's Demographic Profile

Cranford has 9,273 households and a median income of $137,440, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 24,749
# Households 9,273
Median age 43
Median household income $137,440
Avg household size 3.0
Renter-occupied housing units 2,251
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Cranford, NJ

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Westfield $340 8,584 SF 9.14%
Roselle $348 10,234 SF 13.93%
Nearby Retail Markets Avg Cost/SF Typical Size
Cranford $449 10,130 SF
Kenilworth $1,360 11,229 SF
Roselle Park $269 21,368 SF
Westfield $532 8,289 SF
Roselle $408 11,193 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Cranford $295 19,820 SF 6.01%
Westfield $333 19,955 SF 6.01%
Roselle $272 14,111 SF 6.01%
Clark $295 17,370 SF 6.01%
Union $291 11,541 SF 7.49%

Commercial Properties For Sale in Cranford

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

260 W Scott Ave

Rahway, NJ 07065

  • 2,029 SF Retail Building
  • $1,975,000
For Sale

1449 Irving St

Rahway, NJ 07065

  • 2,532 SF Retail Building
  • $799,000
For Sale

230 Marion Ave

Linden, NJ 07036

  • 15,300 SF Flex Building
  • $3,500,000
For Sale

411 North Ave

Cranford, NJ 07016

  • 9,703 SF Office Building
  • $2,400,000
For Sale

80 Morris Ave

Springfield, NJ 07081

  • 8,028 SF Office Building
  • $1,800,000
For Sale

1906 E Saint Georges Ave

Linden, NJ 07036

  • 2,325 SF Retail Building
  • $725,000

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 Cranford pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Cranford $332 15,808 SF
Kenilworth $1,360 15,152 SF
Roselle Park $257 21,365 SF
Westfield $390 13,764 SF

Regional Demographic Comparison

This comparison places Cranford 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 Cranford or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Kenilworth 7,662 2,649 43 $108,505 3 641 -2%
Westfield 33,724 11,520 42 $193,307 3 2,272 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Cranford, 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 Cranford

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

Cranford 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 Cranford?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Cranford. 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 Cranford?

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

How does Cranford compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Cranford. 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 Cranford acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Cranford, 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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