Fort Lee, NJ
Commercial Real Estate Market Trends & Data

$499 Avg asking sale price
$31 Avg asking lease rate
14,038 SF Avg unit lease size
6,758 SF Avg building size for sale
5.02% Average cap rate

Fort Lee's Demographic Profile

Fort Lee has 19,821 households and a median income of $94,423, 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 43,061
# Households 19,821
Median age 46
Median household income $94,423
Avg household size 2.0
Renter-occupied housing units 9,769
5-year population change +2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Fort Lee, NJ

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Palisades Park $345 1,300 SF 5.62%
Leonia $263 21,945 SF 7.31%
Edgewater $1,116 3,709 SF 10.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Edgewater $489 12,932 SF 7.10%
Cliffside Park $489 12,932 SF 7.10%
Nearby Retail Markets Avg Cost/SF Typical Size
Fort Lee $581 7,568 SF
Palisades Park $635 4,036 SF
Leonia $302 10,797 SF
Edgewater $670 5,759 SF
Cliffside Park $488 5,986 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Fort Lee $536 3,027 SF 6.03%
Edgewater $452 11,347 SF 7.00%
Cliffside Park $834 3,245 SF 5.85%
Teaneck $515 12,633 SF 6.03%
Guttenberg $452 8,031 SF 6.11%

Commercial Properties For Sale in Fort Lee

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

326 Broad Ave

Palisades Park, NJ 07650

  • 5,544 SF Retail Building
  • 5.75% Cap Rate
  • $2,580,000
For Sale

Marina Medispa

Edgewater, NJ 07020

  • 500,832 SF Multifamily
  • $975,000
For Sale

Sale of 9 Chittenden Ave

New York, NY

  • $3,500,000
For Sale

490 Broad Ave

Leonia, NJ 07605

  • 3,400 SF Multifamily
  • 6.03% Cap Rate
  • $1,525,000
For Sale

Luxury Duplex As-of-Right Development Site

Fort Lee, NJ 07024

  • 0.11 AC Lot
  • 1 Residential Income Lot
  • $895,000
For Sale

670 Bergen Blvd

Ridgefield, NJ 07657

  • 9,000 SF Office Building
  • $2,600,000

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

Commercial Markets Avg Cost/SF Average Size
Fort Lee $499 6,758 SF
Palisades Park $531 3,657 SF
Leonia $379 10,200 SF
Edgewater $777 8,964 SF
Cliffside Park $432 8,252 SF

Multifamily Properties For Sale in Fort Lee

For Sale

Marina Medispa

Edgewater, NJ 07020

  • 500,832 SF Multifamily
  • $975,000
For Sale

Entrance Level Medical Suite 700 SF

Fort Lee, NJ 07024

  • 185,728 SF Multifamily
  • $299,999

Regional Demographic Comparison

This comparison places Fort Lee 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 Fort Lee or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Fort Lee 43,061 19,821 46 $94,423 2 9,769 2%
Palisades Park 18,779 6,757 42 $74,537 3 4,651 -3%
Edgewater 15,984 7,495 42 $128,409 2 4,823 2%

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

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

Fort Lee 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 Fort Lee?

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

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

How does Fort Lee compare to nearby commercial real estate markets?

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

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