Scotch Plains, NJ
Commercial Real Estate Market Trends & Data

$467 Avg asking sale price
$30 Avg asking lease rate
17,213 SF Avg unit lease size
8,960 SF Avg building size for sale
8.71% Average cap rate

Scotch Plains's Demographic Profile

Scotch Plains has 9,228 households and a median income of $166,720, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 26,234
# Households 9,228
Median age 43
Median household income $166,720
Avg household size 3.0
Renter-occupied housing units 1,981
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Scotch Plains, NJ

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Scotch Plains $290 4,719 SF 9.14%
Fanwood $297 5,892 SF 9.14%
Westfield $292 9,053 SF 9.14%
Clark $209 13,500 SF 7.42%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Scotch Plains $415 10,988 SF 9.14%
Fanwood $450 3,735 SF 9.14%
Westfield $316 17,308 SF 9.14%
Nearby Retail Markets Avg Cost/SF Typical Size
Scotch Plains $549 4,748 SF
Fanwood $664 5,190 SF
Westfield $517 8,921 SF
Clark $363 12,033 SF
Mountainside $517 5,600 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Westfield $333 19,501 SF 6.01%
Clark $295 9,478 SF 6.01%
Plainfield $328 11,525 SF 6.57%

Commercial Properties For Sale in Scotch Plains

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

Auction - REIT Sale | Former 7-Eleven

Plainfield, NJ 07062

  • 2,795 SF Retail Building
  • $150,000
For Sale

1590 E 2nd St

Scotch Plains, NJ 07076

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

184 South Ave

Fanwood, NJ 07023

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

39 Progress St

Edison, NJ 08820

  • 40,000 SF Industrial Building
  • $10,990,000
For Sale

932 South Ave W

Westfield, NJ 07090

  • 9,000 SF Retail Building
  • $2,999,999
For Sale

2507 US Highway 22

Scotch Plains, NJ 07076

  • 7,200 SF Retail Building
  • 10.00% Cap Rate
  • $3,400,000

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

Commercial Markets Avg Cost/SF Average Size
Scotch Plains $467 8,960 SF
Fanwood $502 6,387 SF
Westfield $379 13,847 SF
Clark $271 17,360 SF

Multifamily Properties For Sale in Scotch Plains

For Sale

Prime South Apartments

Plainfield, NJ 07062

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

Regional Demographic Comparison

This comparison places Scotch Plains 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 Scotch Plains or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Fanwood 7,944 2,763 43 $173,027 3 370 -1%
Westfield 33,724 11,520 42 $193,307 3 2,272 1%

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

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

Scotch Plains 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 Scotch Plains?

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

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

How does Scotch Plains compare to nearby commercial real estate markets?

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

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