Montclair, NJ
Commercial Real Estate Market Trends & Data

$452 Avg asking sale price
$33 Avg asking lease rate
4,828 SF Avg unit lease size
9,395 SF Avg building size for sale
6.70% Average cap rate

Montclair's Demographic Profile

Montclair has 11,427 households and a median income of $124,305, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 27,662
# Households 11,427
Median age 41
Median household income $124,305
Avg household size 2.0
Renter-occupied housing units 6,394
5-year population change -1%

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

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Montclair $347 8,874 SF 5.00%
Verona $175 17,981 SF 5.00%
Bloomfield $267 9,255 SF 11.00%
Cedar Grove $186 15,750 SF 5.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Montclair $419 38,686 SF 7.50%
Glen Ridge $105 75,872 SF 7.50%
Bloomfield $249 39,154 SF 7.50%
Nutley $107 11,054 SF 6.83%
Nearby Retail Markets Avg Cost/SF Typical Size
Montclair $600 3,309 SF
Upper Montclair $377 4,116 SF
Glen Ridge $435 573 SF
Verona $474 4,041 SF
Bloomfield $346 9,322 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Montclair $246 5,238 SF 7.22%
Bloomfield $234 16,107 SF 7.22%
Clifton $376 13,536 SF 7.84%
West Orange $282 21,182 SF 7.22%
Orange $246 8,848 SF 7.22%

Commercial Properties For Sale in Montclair

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

61-63 Chestnut St

West Orange, NJ 07052

  • 6,615 SF Multifamily
  • 7.22% Cap Rate
  • $1,250,000
For Sale

119 Watchung Ave

Montclair, NJ 07043

  • 4,116 SF Retail Building
  • $1,550,000
For Sale

89 Valley Rd

Montclair, NJ 07042

  • 10,000 SF Office Building
  • $3,475,000
For Sale

176-200 Bloomfield Ave

Verona, NJ 07044

  • 1.50 AC Lot
  • 1 Commercial Lot
  • $3,095,000
For Sale

69 Greenwood Ave

Montclair, NJ 07042

  • 600 SF Retail Building
  • $995,000
For Sale

47 Chestnut St

West Orange, NJ 07052

  • 1,800 SF Retail Building
  • 6.50% Cap Rate
  • $599,900

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Right of First Offer (ROFO)
Right of First Offer (ROFO)
A concise, practical guide to ROFO clauses, how they work, and why they matter for commercial real estate owners, tenants, and investors.
Duplex Investing Guide: Financing, Analysis, & Risk
Duplex Investing Guide: Financing, Analysis, & Risk
Duplex investing offers dual rental income, lower vacancy risk, and flexible financing. Explore how to analyze, finance, and manage duplex properties to build long-term wealth.
A Guide to Warehouse Operating Expenses
A Guide to Warehouse Operating Expenses
An Operating Expense Overview for Building Tenants
Is Multifamily Commercial Real Estate?
Is Multifamily Commercial Real Estate?
How unit count, zoning, and financing determine whether a multifamily property is classified as residential or commercial real estate, and what that means for investors.
How to Sell a Hotel
How to Sell a Hotel
Maximize your return and ensure a smooth transition with expert strategies for selling your hotel property
Gross Rent Multiplier (GRM) Calculator & Investment Guide
Gross Rent Multiplier (GRM) Calculator & Investment Guide
Simplifying Your Investment Analysis
Multifamily Investing 101: Strategies and Metrics
Multifamily Investing 101: Strategies and Metrics
A practical, end to end blueprint outlining essential strategies, financial metrics, and management techniques for successful multifamily investing.
LoopNet's International Presence
LoopNet's International Presence
LoopNet provides full access to commercial real estate listings, auctions, and investment tools for users around the world.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Montclair pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Montclair $452 9,395 SF
Upper Montclair $718 3,069 SF
Glen Ridge $329 14,038 SF
Verona $325 11,011 SF
Bloomfield $295 17,384 SF

Regional Demographic Comparison

This comparison places Montclair 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 Montclair or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Montclair 27,662 11,427 41 $124,305 2 6,394 -1%
Upper Montclair 12,988 4,043 39 $218,627 3 659 -2%
Bloomfield 51,262 20,078 39 $84,509 3 10,805 -2%

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

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

Montclair 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 Montclair?

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

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

How does Montclair compare to nearby commercial real estate markets?

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

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Montclair, 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 Cities
Commercial Market Reports