For Sale
Union City, NJ
Commercial Real Estate Market Trends & Data
$322
Avg asking sale price
$40
Avg asking lease rate
4,075 SF
Avg unit lease size
9,256 SF
Avg building size for sale
6.09%
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{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Union City | $248 | 6,000 SF | 6.07% |
| Hoboken | $899 | 8,089 SF | 5.34% |
| North Bergen | $1,154 | 3,375 SF | 10.00% |
| Secaucus | $280 | 23,000 SF | 6.07% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| North Bergen | $477 | 11,624 SF | 7.10% |
| Fairview | $413 | 10,288 SF | 7.10% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Union City | $304 | 5,304 SF |
| Weehawken | $376 | 5,935 SF |
| Hoboken | $656 | 4,829 SF |
| North Bergen | $396 | 6,668 SF |
| West New York | $219 | 14,151 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Union City | $273 | 9,039 SF | 8.08% |
| Hoboken | $737 | 4,759 SF | 5.99% |
| North Bergen | $348 | 9,989 SF | 8.47% |
| West New York | $366 | 10,292 SF | 8.47% |
| Secaucus | $208 | 19,975 SF | 6.30% |
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
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
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 | $322 | 9,256 SF |
| Weehawken | $343 | 7,420 SF |
| Hoboken | $637 | 4,714 SF |
| North Bergen | $515 | 8,464 SF |
| West New York | $372 | 8,409 SF |
Multifamily Properties For Sale in Union City
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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