For Sale
Jersey City, NJ. Commercial Real Estate Market Trends
$476
Avg asking sale price
$61
Avg asking lease rate
24,306 SF
Avg unit lease size
11,262 SF
Avg building size for sale
5.74%
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{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Jersey City | $788 | 7,588 SF | 5.34% |
| Hoboken | $872 | 7,205 SF | 5.34% |
| Kearny | $398 | 7,963 SF | 8.00% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Jersey City | $438 | 9,523 SF | 4.47% |
| Ironbound | $191 | 44,758 SF | 6.67% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Jersey City | $506 | 5,124 SF |
| Hoboken | $797 | 3,995 SF |
| Kearny | $384 | 21,954 SF |
| Bayonne | $446 | 11,224 SF |
| Ironbound | $324 | 27,836 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Jersey City | $370 | 17,964 SF | 7.30% |
| Hoboken | $753 | 6,666 SF | 6.32% |
| Kearny | $261 | 15,939 SF | 6.70% |
| Bayonne | $287 | 25,820 SF | 6.40% |
| Ironbound | $207 | 108,506 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
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
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 | $476 | 11,262 SF |
| Hoboken | $807 | 5,414 SF |
| Kearny | $295 | 41,038 SF |
| Bayonne | $354 | 23,103 SF |
| Ironbound | $234 | 65,390 SF |
Multifamily Properties For Sale in Jersey City
For Sale
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.
Nearby Market Trends
- New York Market Trends
- Brooklyn Market Trends
- Long Island City Market Trends
- Astoria Market Trends
- Newark Market Trends
- Bloomfield Market Trends
- Elmhurst Market Trends
- North Bergen Market Trends
- Ridgewood Market Trends
- Woodside Market Trends
- Ironbound Market Trends
- Kearny Market Trends
- Bayonne Market Trends
- Glendale Market Trends
- Elizabeth Market Trends
- East Orange Market Trends
- Edgewater Market Trends
- Middle Village Market Trends
- Jackson Heights Market Trends
- Orange Market Trends
- Maspeth Market Trends
- Union City Market Trends
- Secaucus Market Trends
- Irvington Market Trends
- Harrison Market Trends
- West New York Market Trends
- Sunnyside Market Trends
- View more
- View less
