Commercial Real Estate Market in West New York, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
70 active listings and 1,178 off-market properties in West New York, NJ. Commercial property asks $607/SF to buy and $36.34/SF/Yr to lease.
Market Trends
West New York, NJ spans 1.2 square miles in Hudson County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in West New York, NJ runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail space in West New York, NJ asks $281/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in West New York, NJ runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in West New York, NJ asks $237/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
West New York, NJ has 64,929 residents in 27,451 households. Density runs 54,686 people per square mile. Median household income here is $70,389 and median gross rent $1,619 a month.
64,929
Population
27,451
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
78%
High-School Grad
1.2 sq mi
ZIP Area
54,686
Density / Sq Mi
$70,389
Median Household Income
$37,229
Median Earnings
$1,619
Median Rent
$390,300
Median Home Value
Tools
Lease vs Buy Breakeven
At $36.34/SF/Yr lease vs $607/SF buy → buying wins if held > 5.3 years.
At a 6% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Guttenberg | — | — |
| Union City | — | $32.46 |
| North Bergen | — | $31.36 |
| Weehawken | — | — |
Commercial property in West New York, NJ asks $607/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in West New York?
Commercial property in West New York, NJ asks an average of $607 per square foot. The 5 most recent recorded sales traded at a median of $313/SF, so asking sits 94% above the achieved median. Retail carries the highest asking price at $281/SF.
How much does it cost to lease commercial space in West New York?
Asking lease rates in West New York, NJ average $36.34 per square foot per year.
Is it cheaper to lease or buy commercial space in West New York?
Buying beats leasing in West New York, NJ if the property is held longer than 5.3 years, comparing $36.34/SF/Yr asking rent with $607/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's West New York market data come from?
Realmo compiles West New York, NJ figures from 5 recent recorded sales, 39 active sale listings, 31 active lease listings, 1,178 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 39 active for-sale and 31 active for-lease listings in West New York, NJ. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
