Irvington, NJ
Commercial Real Estate Market Trends & Data

$244 Avg asking sale price
$15 Avg asking lease rate
28,187 SF Avg unit lease size
92,247 SF Avg building size for sale
10.52% Average cap rate

Irvington's Demographic Profile

Irvington has 21,057 households and a median income of $50,857, providing context for rent absorption and tenant demand across retail and multifamily assets. A -3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 57,268
# Households 21,057
Median age 37
Median household income $50,857
Avg household size 3.0
Renter-occupied housing units 16,124
5-year population change -3%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Maplewood $628 6,211 SF 6.60%
South Orange $334 14,464 SF 6.55%
Hillside $319 1,636 SF 13.93%
Newark $180 20,838 SF 11.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Newark $211 50,662 SF 7.20%
Union $246 29,399 SF 4.28%
Nearby Retail Markets Avg Cost/SF Typical Size
Irvington $273 7,978 SF
Maplewood $491 5,491 SF
South Orange $384 5,452 SF
Hillside $225 9,550 SF
Newark $290 13,229 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Irvington $227 305,579 SF 7.49%
Newark $328 130,946 SF 7.50%
Union $291 11,541 SF 7.49%
East Orange $195 20,734 SF 6.62%
Orange $246 5,537 SF 7.22%

Commercial Properties For Sale in Irvington

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

Clinton Professional Building

Irvington, NJ 07111

  • 35,000 SF Office Building
  • $3,000,000
For Sale

Chancellor Ave Used Car Dealership

Irvington, NJ 07111

  • 2,500 SF Retail Building
  • $600,000
For Sale

66 Olympic Ter

Irvington, NJ 07111

  • 12,469 SF Multifamily
  • 7.49% Cap Rate
  • $2,450,000
For Sale

1553-1555 Summit Ave

Hillside, NJ 07205

  • 2,925 SF Retail Building
  • $950,000
For Sale

Mixed Use Retail and Residential Opportunity

Irvington, NJ 07111

  • 2,293 SF Retail Building
  • $399,900
For Sale

±30,000 SF – Industrial Opportunity

Irvington, NJ 07111

  • 30,000 SF Industrial Building
  • $6,000,000

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

Commercial Markets Avg Cost/SF Average Size
Irvington $244 92,247 SF
Maplewood $407 6,752 SF
South Orange $372 7,254 SF
Hillside $229 34,631 SF
Newark $245 63,941 SF

Multifamily Properties For Sale in Irvington

For Sale

Newark Portfolio

Newark, NJ

  • Price Upon Request

Regional Demographic Comparison

This comparison places Irvington 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 Irvington or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Irvington 57,268 21,057 37 $50,857 3 16,124 -3%
Maplewood 25,575 8,838 41 $156,052 3 2,301 -2%
Hillside 20,531 6,802 41 $87,918 3 2,259 -4%
Newark 281,837 100,682 36 $40,924 3 83,328 -4%

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

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

Irvington 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 Irvington?

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

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

How does Irvington compare to nearby commercial real estate markets?

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

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

Nearby Market Trends