Montclair, NJ
Commercial Real Estate Market Trends & Data

$421 Avg asking sale price
$35 Avg asking lease rate
2,980 SF Avg unit lease size
9,330 SF Avg building size for sale
6.35% 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

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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 $282 7,793 SF 11.00%
Cedar Grove $260 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 $248 38,553 SF 7.50%
Nutley $160 11,915 SF 6.83%
Nearby Retail Markets Avg Cost/SF Typical Size
Montclair $531 3,455 SF
Upper Montclair $377 4,116 SF
Glen Ridge $409 1,874 SF
Verona $660 2,881 SF
Bloomfield $379 7,784 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Montclair $245 10,163 SF 7.22%
Bloomfield $289 13,516 SF 7.22%
Belleville $452 5,715 SF 6.70%
Clifton $398 411,274 SF 8.01%
West Orange $211 21,429 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

17 Maolis Ave

Bloomfield, NJ 07003

  • 4,477 SF Retail Building
  • 6.00% Cap Rate
  • $1,600,000
For Sale

437 Main St

West Orange, NJ 07052

  • 2,400 SF Retail Building
  • $975,000
For Sale

Walden Apartments

Montclair, NJ 07042

  • 20,014 SF Multifamily
  • 4.26% Cap Rate
  • $4,850,000
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

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

Where Multifamily Asking Prices Are Rising and Falling in 2026
Where Multifamily Asking Prices Are Rising and Falling in 2026
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Online Auctions vs. Traditional Sales
Learn how you can strategically use the two transaction methods to achieve stronger outcomes, whether that's a faster deal, maximized sales price, or a low risk of fallouts.
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What Are Leasehold Improvements?
A complete guide to leasehold improvements, including what qualifies, who owns them, how they affect taxes, and how to maximize their value.
Straight-Line Depreciation in Commercial Real Estate
Straight-Line Depreciation in Commercial Real Estate
Understand how straight-line depreciation works, when to use it, and how it affects your after-tax returns across every stage of ownership.
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Small vs. Large Multifamily Real Estate Investing
Compare financing, cash flow, risk, and exit options so you can choose the right property size for your goals.
How to Buy a Duplex
How to Buy a Duplex
Breaking down every stage of buying a duplex, from budgeting and financing to agent selection and market analysis, ensuring you make an informed investment decision.
Spec Suites: A Powerful Tool in the Battle To Fill Office Space
Spec Suites: A Powerful Tool in the Battle To Fill Office Space
New Space, Quick Occupancy, No Construction
Force Majeure Clause
Force Majeure Clause
Understand how force majeure clauses work in commercial real estate leases, including what they cover, when they apply, and how to draft them to manage risk.

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 $421 9,330 SF
Upper Montclair $510 3,069 SF
Glen Ridge $333 12,672 SF
Verona $313 14,714 SF
Bloomfield $318 15,092 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 Market Trends