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

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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

Turnkey Warehouse with Tri-State Connectivity

North Bergen, NJ 07047

  • 5,000 SF Industrial Building
  • Auction Sale
For Sale

Residential Over Two Ground-Floor Retail

Union City, NJ 07087

  • 10,200 SF Multifamily
  • Auction Sale
For Sale

518 9th St

Union City, NJ 07087

  • 2,064 SF Multifamily
  • 5.79% Cap Rate
  • $915,000
For Sale

99 Clifton Ter

Weehawken, NJ 07086

  • 8,082 SF Retail Building
  • $899,000
For Sale

3417 Park Ave

Weehawken, NJ 07087

  • 4,497 SF Retail Building
  • $2,400,000
For Sale

1309 Summit Ave

Union City, NJ 07087

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

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Internal Rate of Return (IRR) Calculator
Internal Rate of Return (IRR) Calculator
Use this calculator to measure annualized returns, compare investment scenarios, and evaluate risk across commercial real estate deals.
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Understanding the Nuances of Ground and Land Leases
Master Lease Strategies
Master Lease Strategies
Maximizing Control and Income with Flexible Leasing Solutions
How to Find Industrial Tenants for Your Property
How to Find Industrial Tenants for Your Property
A practical guide to finding qualified industrial tenants, from building your tenant profile to tenant screening and closing the lease.
Bonus Depreciation
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A practical guide to using bonus depreciation to reduce tax liability, improve cash flow, and plan property improvements with timing strategies in mind.
Accelerated Depreciation in Commercial Real Estate
Accelerated Depreciation in Commercial Real Estate
Understand how accelerated depreciation works, which method fits your deal, and how to avoid the tax pitfalls that catch most investors off guard.

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

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
For Sale

Prospect Hill

Hoboken, NJ 07030

  • 863 SF Multifamily
  • $400,000

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.

Nearby Market Trends