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Downtown Westfield Office Space
For Lease
$25 SF/Yr

9 Elm St, Westfield, NJ 07090

1,500 SF office space in downtown Westfield.

Space SizeContact for details
Property Size1,500 SF
Days on Market105

Property Features for 9 Elm St

General Information

Standard status Active
Size 1,500 SF
Property subtype Commercial / Office

Taxes and HOA fees

Annual Taxes $36,348

Building Details

Building Size 1,500 SF
Year Built 9999
Stories 2
Units 2
Listing Agency: COLDWELL BANKER REALTY
Listed By: JOHN CLARK WILEY
Source: Elliman
Added: May 27 Changed: Sep 8 Last Checked: Sep 8 at 6:52AM

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
$3.75 /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 4% 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 $25 SF/Yr.
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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