Newark, NJ
Commercial Real Estate Market Trends & Data

$327 Avg asking sale price
$759 Avg asking lease rate
23,123 SF Avg unit lease size
46,186 SF Avg building size for sale
7.86% Average cap rate

Newark's Demographic Profile

Newark has 100,682 households and a median income of $40,924, providing context for rent absorption and tenant demand across retail and multifamily assets. A -4% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 281,837
# Households 100,682
Median age 36
Median household income $40,924
Avg household size 3.0
Renter-occupied housing units 83,328
5-year population change -4%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Newark $223 23,470 SF 11.00%
East Orange $260 13,111 SF 11.00%
Hillside $322 1,636 SF 13.93%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Newark $205 45,751 SF 7.20%
Ironbound $192 42,880 SF 6.67%
East Orange $289 37,640 SF 7.20%
Nearby Retail Markets Avg Cost/SF Typical Size
Newark $266 13,711 SF
East Newark $477 2,351 SF
Harrison $449 28,049 SF
Ironbound $324 27,836 SF
Irvington $332 7,978 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Newark $211 85,583 SF 7.50%
Ironbound $306 102,476 SF 7.50%
Irvington $175 15,767 SF 7.20%
East Orange $258 23,050 SF 6.62%

Commercial Properties For Sale in Newark

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

1031 Exchange Opportunity with NNN Anchor

Newark, NJ 07104

  • 21,351 SF Multifamily
  • Auction Sale
For Sale

Fully Leased MF by Downtown Newark

Newark, NJ 07102

  • 4,838 SF Multifamily
  • Auction Sale
For Sale

Elizabeth Goldsmith

Newark, NJ

  • 7.00% Cap Rate
  • $16,081,000
For Sale

114 Orchard St

Newark, NJ 07102

  • 5,600 SF Retail Building
  • 8.56% Cap Rate
  • $865,000
For Sale

1586-1590 Maple Ave

Hillside, NJ 07205

  • 9,776 SF Retail Building
  • 7.63% Cap Rate
  • $2,480,000
For Sale

2-8 Central Ave

East Orange, NJ 07018

  • 120,000 SF Industrial Building
  • $12,000,000

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

Commercial Markets Avg Cost/SF Average Size
Newark $327 46,186 SF
East Newark $477 2,351 SF
Harrison $346 63,535 SF
Ironbound $235 63,628 SF
Irvington $259 24,031 SF

Multifamily Properties For Sale in Newark

For Sale

1031 Exchange Opportunity with NNN Anchor

Newark, NJ 07104

  • 21,351 SF Multifamily
  • Auction Sale
For Sale

Elizabeth Goldsmith

Newark, NJ

  • 7.00% Cap Rate
  • $16,081,000
For Sale

Newark MLK Portfolio

Newark, NJ

  • $34,000,000
For Sale

565 Broad St

Newark, NJ 07102

  • 6,000 SF Multifamily
  • Price Upon Request
For Sale

APT Building Investment Opportunity

Newark, NJ

  • Price Upon Request

Regional Demographic Comparison

This comparison places Newark 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 Newark or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Newark 281,837 100,682 36 $40,924 3 83,328 -4%
East Newark 1,707 570 38 $60,562 3 438 -12%
Harrison 18,749 8,061 35 $85,421 2 6,862 -4%
Ironbound 46,410 15,949 38 $47,491 3 13,398 -4%
Irvington 57,268 21,057 37 $50,857 3 16,124 -3%

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

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

Newark 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 Newark?

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

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

How does Newark compare to nearby commercial real estate markets?

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

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