Elizabeth, NJ
Commercial Real Estate Market Trends & Data

$241 Avg asking sale price
$397 Avg asking lease rate
25,146 SF Avg unit lease size
34,168 SF Avg building size for sale
8.04% Average cap rate

Elizabeth's Demographic Profile

Elizabeth has 41,106 households and a median income of $54,495, providing context for rent absorption and tenant demand across retail and multifamily assets. A -5% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 121,698
# Households 41,106
Median age 37
Median household income $54,495
Avg household size 3.0
Renter-occupied housing units 31,360
5-year population change -5%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Elizabeth $249 14,826 SF 13.93%
Hillside $322 1,636 SF 13.93%
Roselle $247 11,145 SF 13.93%
Linden $235 17,255 SF 7.42%
Nearby Retail Markets Avg Cost/SF Typical Size
Elizabeth $290 16,781 SF
Elizabethport $158 5,858 SF
Hillside $228 8,363 SF
Roselle $379 11,793 SF
Roselle Park $269 21,368 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Elizabeth $231 40,097 SF 7.00%
Roselle $248 7,499 SF 6.97%
Linden $248 7,499 SF 6.97%
Union $314 8,209 SF 7.20%
Newark $211 85,583 SF 7.50%

Commercial Properties For Sale in Elizabeth

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

472 E Westfield Ave

Roselle Park, NJ 07204

  • 16,854 SF Flex Building
  • $3,250,000
For Sale

Elizabeth Goldsmith

Newark, NJ

  • 7.00% Cap Rate
  • $16,081,000
For Sale

1160 E Grand St

Elizabeth, NJ 07201

  • 5,000 SF Retail Building
  • 5.98% Cap Rate
  • $2,350,000
For Sale

433 Elizabeth Ave

Elizabeth, NJ 07206

  • 5,858 SF Retail Building
  • $925,000
For Sale

2560 Richmond Ter

Staten Island, NY 10303

  • 3,500 SF Industrial Building
  • $1.00
For Sale

9-13 Morrell St

Elizabeth, NJ 07201

  • 3,182 SF Specialty
  • $699,000

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

Commercial Markets Avg Cost/SF Average Size
Elizabeth $241 34,168 SF
Elizabethport $159 86,935 SF
Hillside $229 34,631 SF
Roselle $292 17,349 SF
Roselle Park $253 21,018 SF

Multifamily Properties For Sale in Elizabeth

For Sale

Elizabeth Goldsmith

Newark, NJ

  • 7.00% Cap Rate
  • $16,081,000

Regional Demographic Comparison

This comparison places Elizabeth 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 Elizabeth or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Elizabeth 121,698 41,106 37 $54,495 3 31,360 -5%
Elizabethport 24,533 7,299 33 $48,648 3 5,686 -8%
Hillside 20,531 6,802 41 $87,918 3 2,259 -4%
Roselle 21,968 7,754 40 $72,902 3 3,479 -2%

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

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

Elizabeth 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 Elizabeth?

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

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

How does Elizabeth compare to nearby commercial real estate markets?

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

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