For Sale
West New York, NJ
Commercial Real Estate Market Trends & Data
$518
Avg asking sale price
$31
Avg asking lease rate
2,546 SF
Avg unit lease size
8,409 SF
Avg building size for sale
6.42%
Average cap rate
West New York's Demographic Profile
West New York has 18,994 households and a median income of $68,394, providing context for rent absorption and tenant demand across retail and multifamily assets. A -4% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 49,599 |
| # Households | 18,994 |
| Median age | 39 |
| Median household income | $68,394 |
| Avg household size | 3.0 |
| Renter-occupied housing units | 15,296 |
| 5-year population change | -4% |
{{marketTabHeadings[activeMarketTab]}} Market Metrics Near West New York, NJ
↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| North Bergen | $1,154 | 3,375 SF | 10.00% |
| Weehawken | $205 | 15,000 SF | 6.00% |
| Union City | $248 | 6,000 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% |
| Cliffside Park | $489 | 12,932 SF | 7.10% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| West New York | $221 | 14,151 SF |
| North Bergen | $396 | 6,668 SF |
| Weehawken | $376 | 5,935 SF |
| Union City | $304 | 5,304 SF |
| Fairview | $568 | 3,532 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| West New York | $366 | 10,292 SF | 8.47% |
| North Bergen | $353 | 10,412 SF | 8.47% |
| Union City | $296 | 10,647 SF | 8.08% |
| Cliffside Park | $830 | 3,245 SF | 5.85% |
| Secaucus | $209 | 19,975 SF | 6.07% |
Commercial Properties For Sale in West New York
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 West New York pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| West New York | $518 | 8,409 SF |
| Guttenberg | $494 | 7,039 SF |
| North Bergen | $523 | 8,591 SF |
| Weehawken | $343 | 7,420 SF |
| Union City | $342 | 10,090 SF |
Regional Demographic Comparison
This comparison places West New York 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 West New York or distributed across surrounding areas.
| City | Population | # Households | Age | Median Household Income | Avg Household Size | Renter Occupied Housing Units | Five Yr Pop Growth % |
|---|---|---|---|---|---|---|---|
| West New York | 49,599 | 18,994 | 39 | $68,394 | 3 | 15,296 | -4% |
| Guttenberg | 10,568 | 4,292 | 41 | $66,098 | 2 | 2,842 | -6% |
| North Bergen | 55,422 | 20,227 | 42 | $71,358 | 3 | 13,037 | -6% |
| Union City | 63,299 | 22,222 | 39 | $54,463 | 3 | 17,885 | -5% |
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in West New York, 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 West New York
View All Commercial Real Estate For Sale in West New York
Is West New York a good market for a first-time commercial real estate investor?
West New York 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 West New York?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in West New York. 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 West New York?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for West New York. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does West New York compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to West New York. 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 West New York acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in West New York, 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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