Paterson, NJ
Commercial Real Estate Market Trends & Data

$311 Avg asking sale price
$18 Avg asking lease rate
24,935 SF Avg unit lease size
16,973 SF Avg building size for sale
8.06% Average cap rate

Paterson's Demographic Profile

Paterson has 45,003 households and a median income of $46,569, providing context for rent absorption and tenant demand across retail and multifamily assets. A -5% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 143,245
# Households 45,003
Median age 35
Median household income $46,569
Avg household size 3.0
Renter-occupied housing units 34,295
5-year population change -5%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Paterson $235 15,649 SF 14.70%
Woodland Park $410 2,557 SF 14.70%
Elmwood Park $267 8,915 SF 8.05%
Fair Lawn $282 5,372 SF 8.05%
Totowa $410 2,557 SF 14.70%
Nearby Retail Markets Avg Cost/SF Typical Size
Paterson $356 8,828 SF
Woodland Park $307 4,126 SF
Elmwood Park $309 9,587 SF
Fair Lawn $812 6,880 SF
Totowa $407 9,097 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Paterson $289 12,489 SF 9.22%
Elmwood Park $214 4,357 SF 9.22%
Fair Lawn $243 15,182 SF 9.22%
Saddle Brook $320 3,202 SF 9.22%
Clifton $376 13,536 SF 7.84%

Commercial Properties For Sale in Paterson

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

Elmwood Park, NJ

Elmwood Park, NJ

  • $5,495,000
For Sale

160 Lanza Ave

Garfield, NJ 07026

  • 10,000 SF Office Building
  • 6.88% Cap Rate
  • $3,200,000
For Sale

Rare Downtown Paterson Mixed-Use Asset

Paterson, NJ 07505

  • 13,107 SF Office Building
  • 7.90% Cap Rate
  • $1,300,000
For Sale

Fully Occupied Shopping Center

Paterson, NJ 07522

  • 27,076 SF Retail Building
  • 5.00% Cap Rate
  • $10,000,000
For Sale

821 McBride Ave

Woodland Park, NJ 07424

  • 2,856 SF Retail Building
  • $949,000
For Sale

Redevelopment | Repositioning Opportunity

Paterson, NJ 07514

  • 15,000 SF Industrial Building
  • $2,700,000

Average Price For Sale

↻ Updated Monthly

Average Size 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 Paterson pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Paterson $311 16,973 SF
Prospect Park $289 26,842 SF
Woodland Park $319 18,031 SF
Elmwood Park $310 15,075 SF
Fair Lawn $365 11,416 SF

Multifamily Properties For Sale in Paterson

For Sale

Auburn Street

Paterson, NJ 07501

  • 4,099 SF Multifamily
  • 8.00% Cap Rate
  • $1,300,000
For Sale

Tudor Court

Paterson, NJ 07514

  • 55,104 SF Multifamily
  • Price Upon Request
For Sale

River Plaza

Paterson, NJ 07514

  • 130,416 SF Multifamily
  • 8.00% Cap Rate
  • $995,000

Regional Demographic Comparison

This comparison places Paterson 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 Paterson or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Paterson 143,245 45,003 35 $46,569 3 34,295 -5%
Prospect Park 5,134 1,536 34 $51,371 3 884 -8%
Woodland Park 13,035 5,063 45 $87,362 3 1,965 -3%
Elmwood Park 20,916 7,479 42 $76,344 3 3,307 -1%

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

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

Paterson 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 Paterson?

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

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

How does Paterson compare to nearby commercial real estate markets?

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

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