Plainfield, NJ
Commercial Real Estate Market Trends & Data

$416 Avg asking sale price
$126 Avg asking lease rate
17,145 SF Avg unit lease size
9,411 SF Avg building size for sale
7.08% Average cap rate

Plainfield's Demographic Profile

Plainfield has 16,038 households and a median income of $67,224, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 53,604
# Households 16,038
Median age 36
Median household income $67,224
Avg household size 3.0
Renter-occupied housing units 8,652
5-year population change -2%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Plainfield $229 8,915 SF 9.14%
Fanwood $297 5,892 SF 9.14%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Plainfield $373 10,763 SF 9.14%
Fanwood $634 3,735 SF 9.14%
Nearby Retail Markets Avg Cost/SF Typical Size
Plainfield $655 6,406 SF
North Plainfield $169 16,380 SF
Watchung $321 14,230 SF
Fanwood $664 5,190 SF
Green Brook $290 16,871 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Plainfield $328 11,525 SF 6.57%
North Plainfield $328 11,525 SF 6.57%
Westfield $333 19,501 SF 6.01%

Commercial Properties For Sale in Plainfield

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

1590 E 2nd St

Scotch Plains, NJ 07076

  • 4,800 SF Office Building
  • $1,500,000
For Sale

North Plainfield & Middlesex - 11 Units

  • 6.57% Cap Rate
  • $2,800,000
For Sale

184 South Ave

Fanwood, NJ 07023

  • 1,661 SF Retail Building
  • 7.00% Cap Rate
  • $1,525,000
For Sale

700 Park Ave

Plainfield, NJ 07060

  • 21,000 SF Office Building
  • $1,850,000
For Sale

194-200 Somerset Street

North Plainfield, NJ 07060

  • 5,788 SF Multifamily
  • 6.14% Cap Rate
  • $2,000,000
For Sale

1340 W Front St

Plainfield, NJ 07063

  • 20,000 SF Industrial Building
  • $2,750,000

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

Commercial Markets Avg Cost/SF Average Size
Plainfield $416 9,411 SF
North Plainfield $254 11,881 SF
Watchung $282 8,707 SF
Fanwood $547 6,713 SF
Green Brook $240 12,823 SF

Multifamily Properties For Sale in Plainfield

For Sale

Prime South Apartments

Plainfield, NJ 07062

  • 23,351 SF Multifamily
  • $8,665,000

Regional Demographic Comparison

This comparison places Plainfield 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 Plainfield or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Plainfield 53,604 16,038 36 $67,224 3 8,652 -2%
North Plainfield 20,607 6,980 39 $76,434 3 3,332 -3%
Watchung 6,955 2,352 47 $149,382 3 420 2%
Fanwood 7,944 2,763 43 $173,027 3 370 -1%
Green Brook 7,203 2,405 45 $190,272 3 287 -1%

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

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

Plainfield 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 Plainfield?

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

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

How does Plainfield compare to nearby commercial real estate markets?

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

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