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Downtown Westfield Office Space
For Lease
$2,500/Mo

9 Elm St, Westfield, NJ 07090

1,500 SF office space in downtown Westfield.

Space SizeContact for details
Days on Market103

Property Features for 9 Elm St

General Information

Standard status Active
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $36,348

Amenities

Central air
Asphalt Shingle Roof
1 Unit Cooling
1 Unit Heating
On-Street Parking

Building Details

Year Built 9999
Listing Agency: COLDWELL BANKER REALTY
Listed By: JOHN CLARK WILEY
Source: Corcoran
Added: May 21 Changed: Aug 31 Last Checked: Aug 31 at 4:46PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER REALTY

Investment Insights

Based on property information with market context.

Located in the heart of downtown Westfield, this 1,500 square foot office space is situated on the second floor of a building. The space can be divided in half and currently consists of two separate units. Both units include two private offices and a large, open work area. A shared lavatory is located between the two units. The space features hardwood floors and large windows that provide natural light and views of downtown Westfield.

Key Highlights

  • Prime downtown Westfield location
  • 1,500 sq ft space on the second floor
  • Space can be split in half

Property Analytics

Current Use

Sum Ramen Restaurant

Suggested Use

Top Pick Auto Parts Store Hotel & Motel (Bike/Boat/Book/etc) Store Computer & Electronic Repair Food Market Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,705
Businesses Nearby

Demographics for 07090, NJ

31,056
Population
11,093
Households
2.8
Avg Household Size
41
Median Age
77%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
4,635
Density / Sq Mi
$212,700
Median Household Income
$106,123
Median Earnings
$2,211
Median Rent
$930,500
Median Home Value

Market

Lease Benchmarks for Westfield, NJ

$26 /SF/Yr
Avg Asking Price
$7–$42 /SF/Yr
Price Range
2,897 SF
Avg Space Size

This space is priced 23% below the average of $26 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - 1,500 SF office space in downtown Westfield.
Where is this office units located?
The property is located at 9 Elm St Westfield, NJ.
What is the lease rate?
The lease rate is $2,500/Mo.
What are key features of this property?
This property features: Prime downtown Westfield location; 1,500 sq ft space on the second floor; Space can be split in half
More about this property
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