Union City, NJ
Commercial Real Estate Market Trends & Data

$315 Avg asking sale price
$29 Avg asking lease rate
3,409 SF Avg unit lease size
8,987 SF Avg building size for sale
6.08% Average cap rate

Union City's Demographic Profile

Union City has 22,222 households and a median income of $54,463, 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 63,299
# Households 22,222
Median age 39
Median household income $54,463
Avg household size 3.0
Renter-occupied housing units 17,885
5-year population change -5%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Union City, NJ

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Union City $198 10,500 SF 6.07%
Weehawken $147 15,000 SF 6.00%
Hoboken $872 7,205 SF 5.34%
North Bergen $1,042 4,538 SF 10.00%
West New York $212 6,550 SF 6.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
North Bergen $477 12,176 SF 7.10%
Fairview $413 10,288 SF 7.10%
Nearby Retail Markets Avg Cost/SF Typical Size
Union City $322 5,358 SF
Weehawken $417 6,348 SF
Hoboken $717 4,661 SF
North Bergen $406 4,846 SF
West New York $227 4,158 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Union City $277 7,661 SF 8.08%
Hoboken $461 9,151 SF 6.37%
North Bergen $380 7,310 SF 8.47%
West New York $410 6,715 SF 8.47%
Secaucus $306 4,362 SF 6.07%

Commercial Properties For Sale in Union City

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

Residential Over Two Ground-Floor Retail

Union City, NJ 07087

  • 10,200 SF Multifamily
  • Auction Sale
For Sale

1309 Summit Ave

Union City, NJ 07087

  • 3,188 SF Retail Building
  • 7.27% Cap Rate
  • $649,000
For Sale

606 11th St

Union City, NJ 07087

  • 6,500 SF Multifamily
  • 6.44% Cap Rate
  • $995,000
For Sale

615 Summit Ave

Union City, NJ 07087

  • 4,374 SF Multifamily
  • 5.98% Cap Rate
  • $1,190,000
For Sale

Union City Portfolio

Union City, NJ

  • 6.37% Cap Rate
  • $2,400,000
For Sale

709 Central Ave

Union City, NJ 07087

  • 4,800 SF Specialty
  • 5.00% Cap Rate
  • $2,000,000

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

Commercial Markets Avg Cost/SF Average Size
Union City $315 8,987 SF
Weehawken $291 8,994 SF
Hoboken $623 6,695 SF
North Bergen $525 7,370 SF
West New York $373 7,300 SF

Multifamily Properties For Sale in Union City

For Sale

513 Central Ave

Union City, NJ 07087

  • 3,231 SF Multifamily
  • 5.34% Cap Rate
  • $895,000
For Sale

Investment Property

Union City, NJ 07087

  • 4,350 SF Multifamily
  • 6.61% Cap Rate
  • $850,000

Regional Demographic Comparison

This comparison places Union City 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 Union City or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Union City 63,299 22,222 39 $54,463 3 17,885 -5%
Hoboken 62,160 28,402 35 $154,993 2 19,449 -2%
North Bergen 55,422 20,227 42 $71,358 3 13,037 -6%
West New York 49,599 18,994 39 $68,394 3 15,296 -4%

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

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

Union City 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 Union City?

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

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

How does Union City compare to nearby commercial real estate markets?

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

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