Jersey City, NJ. Commercial Real Estate Market Trends

$438 Avg asking sale price
$62 Avg asking lease rate
36,385 SF Avg unit lease size
10,899 SF Avg building size for sale
5.49% Average cap rate

Jersey City's Demographic Profile

Jersey City has 117,319 households and a median income of $88,358, 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 286,074
# Households 117,319
Median age 37
Median household income $88,358
Avg household size 2.0
Renter-occupied housing units 89,964
5-year population change -3%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Jersey City, NJ

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Jersey City $563 8,882 SF 7.35%
Hoboken $787 6,129 SF 5.34%
Kearny $278 7,929 SF 8.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Jersey City $293 11,130 SF 4.47%
Ironbound $192 42,880 SF 6.67%
Union City $258 11,706 SF 4.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Jersey City $543 4,951 SF
Hoboken $694 4,226 SF
Kearny $341 24,311 SF
Bayonne $457 11,769 SF
Ironbound $324 27,836 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Jersey City $333 14,188 SF 7.30%
Hoboken $514 8,286 SF 6.37%
Bayonne $336 27,688 SF 8.16%
Ironbound $218 102,476 SF 7.50%

Commercial Properties For Sale in Jersey City

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

154 Chestnut Ave

Jersey City, NJ 07306

  • 5,070 SF Retail Building
  • 8.67% Cap Rate
  • $1,350,000
For Sale

615 Summit Ave

Union City, NJ 07087

  • 4,374 SF Multifamily
  • 5.98% Cap Rate
  • $1,190,000
For Sale

2040 John F Kennedy Blvd

Jersey City, NJ 07305

  • 17,180 SF Multifamily
  • 6.20% Cap Rate
  • $7,200,000
For Sale

173 Brunswick St

Jersey City, NJ 07302

  • 2,500 SF Multifamily
  • $1,599,000
For Sale

709 Central Ave

Union City, NJ 07087

  • 2,900 SF Specialty
  • 14.15% Cap Rate
  • $2,000,000
For Sale

622 Communipaw Ave

Jersey City, NJ 07304

  • 27,000 SF Industrial Building
  • $3,499,999

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

Commercial Markets Avg Cost/SF Average Size
Jersey City $438 10,899 SF
Hoboken $647 6,291 SF
Kearny $292 45,284 SF
Bayonne $370 23,149 SF
Ironbound $235 63,628 SF

Multifamily Properties For Sale in Jersey City

For Sale

2040 John F Kennedy Blvd

Jersey City, NJ 07305

  • 17,180 SF Multifamily
  • 6.20% Cap Rate
  • $7,200,000
For Sale

173 Brunswick St

Jersey City, NJ 07302

  • 2,500 SF Multifamily
  • $1,599,000
For Sale

87 Jefferson St

Hoboken, NJ 07030

  • 7,345 SF Multifamily
  • $399,000
For Sale

995 Summit Ave

Jersey City, NJ 07307

  • 14,252 SF Multifamily
  • 5.14% Cap Rate
  • $4,500,000
For Sale

150 Monticello Ave

Jersey City, NJ 07304

  • 3,946 SF Multifamily
  • 4.84% Cap Rate
  • $1,199,000
For Sale

38 and 92 Wayne Street

Jersey City, NJ

  • 5.84% Cap Rate
  • $5,000,000
For Sale

327 Jackson

Hoboken, NJ 07030

  • 11,635 SF Multifamily
  • 6.32% Cap Rate
  • $5,500,000
For Sale

513 Central Ave

Union City, NJ 07087

  • 3,231 SF Multifamily
  • 5.34% Cap Rate
  • $895,000

Regional Demographic Comparison

This comparison places Jersey City 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 Jersey City or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Jersey City 286,074 117,319 37 $88,358 2 89,964 -3%
Hoboken 62,160 28,402 35 $154,993 2 19,449 -2%
Kearny 34,600 11,796 41 $75,722 3 7,077 -8%
Bayonne 67,885 26,017 40 $69,872 3 17,371 -4%
Ironbound 46,410 15,949 38 $47,491 3 13,398 -4%

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

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

Jersey City 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 Jersey City?

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

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

How does Jersey City compare to nearby commercial real estate markets?

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

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