West Orange, NJ
Commercial Real Estate Market Trends & Data

$341 Avg asking sale price
$27 Avg asking lease rate
4,738 SF Avg unit lease size
12,513 SF Avg building size for sale
6.25% Average cap rate

West Orange's Demographic Profile

West Orange has 17,540 households and a median income of $120,837, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 48,842
# Households 17,540
Median age 44
Median household income $120,837
Avg household size 3.0
Renter-occupied housing units 5,295
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near West Orange, NJ

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
West Orange $292 7,125 SF 5.00%
South Orange $334 14,464 SF 6.55%
Verona $244 17,981 SF 5.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
West Orange $385 20,077 SF 7.20%
Orange $385 20,077 SF 7.20%
East Orange $289 38,913 SF 7.20%
Nearby Retail Markets Avg Cost/SF Typical Size
West Orange $453 13,784 SF
Orange $490 3,863 SF
Essex Fells $406 3,200 SF
South Orange $384 5,452 SF
Verona $660 2,881 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
West Orange $211 21,429 SF 7.22%
Orange $246 5,537 SF 7.22%
East Orange $195 20,734 SF 6.62%
Montclair $245 10,163 SF 7.22%
Bloomfield $289 13,516 SF 7.22%

Commercial Properties For Sale in West Orange

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

Owner-User / Redevelopment Opportunity

South Orange, NJ 07079

  • 3,020 SF Office Building
  • Auction Sale
For Sale

17 Maolis Ave

Bloomfield, NJ 07003

  • 4,477 SF Retail Building
  • $4,000
For Sale

437 Main St

West Orange, NJ 07052

  • 2,400 SF Retail Building
  • $975,000
For Sale

Walden Apartments

Montclair, NJ 07042

  • 20,014 SF Multifamily
  • 4.26% Cap Rate
  • $4,850,000
For Sale

8 Marcella Ave

West Orange, NJ 07052

  • 5,588 SF Office Building
  • $1,600,000
For Sale

61-63 Chestnut St

West Orange, NJ 07052

  • 6,615 SF Multifamily
  • 7.22% Cap Rate
  • $1,250,000

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 West Orange pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
West Orange $341 12,513 SF
Orange $374 10,125 SF
Essex Fells $406 3,200 SF
South Orange $372 6,549 SF
Verona $313 14,714 SF

Multifamily Properties For Sale in West Orange

For Sale

214 Glenwood Ave

East Orange, NJ 07017

  • 70,520 SF Multifamily
  • 6.62% Cap Rate
  • $7,650,000

Regional Demographic Comparison

This comparison places West Orange 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 Orange or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
West Orange 48,842 17,540 44 $120,837 3 5,295 -1%
Orange 33,905 12,433 37 $47,232 3 9,769 -2%
Essex Fells 2,416 798 45 $247,318 3 47 1%

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

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

West Orange 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 Orange?

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

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

How does West Orange compare to nearby commercial real estate markets?

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

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