Best Places to Buy Commercial Real Estate in New Jersey – Investor’s Guide
by real on August 16, 2024
New Jersey is one of the most attractive places for commercial real estate investors due to its strategic position, excellent infrastructure, and broad economic base. All these factors make this state one of the most appealing destinations for investors not just from the United States but worldwide. Whether you plan to invest in office spaces, retail buildings, industrial spaces, or other types of properties, you should explore the most profitable places in New Jersey.
If you are confused and don’t know where to invest your money, we suggest you read this post, as we will discuss in detail some of the best places to buy commercial properties in New Jersey. Let us dig into the details of
Commercial Real Estate in New Jersey (Most Popular Location)
Jersey City is one of the top locations for commercial real estate investment. You would see many commercial property listings for offices and other spaces. The closeness of this city to New York makes this a desirable location for investors who want to enjoy the perks of the big city without paying the high cost of living or investing in it. Jersey City has developed a lot in recent years, especially in terms of technology.
The Waterfront is a popular place to invest your money in because of its high-rise buildings and luxurious residential spaces. Here, you will find stunning views of the NY skyline, which makes it a prime location for those looking for prestige. The second most popular place in Jersey City is Journal Square, which is also quite popular because of its residential and commercial developments.
Newark (Largest City in New Jersey)
Newark is the largest city in NJ, so you would see many opportunities for commercial property listings. Many developments in infrastructure, airport expansion, and major transportation services are attracting many people in business from across the globe. Major renovations in the city in recent years have led to increased demand for commercial real estate.
In Newark, two major areas have stolen the spotlight. These include downtown Newark and the Ironbound district. The downtown is home to the corporate headquarters of top educational institutes and other cultural landmarks. The inbound district, on the other hand, is known for its vibrant community, hospitality, and extensive cuisine.
Princeton (Popular for Stable Economy)
Princeton is one of the most prestigious places to live, mainly because of Princeton University. This town is highly populated, so there is a huge demand for offices, retained spaces, and commercial real estate in New Jersey.
Investors in Princeton can benefit greatly from the educated workforce there and the stable economic stability. Here, we would like you to learn about Route 1 Corridor, a famous New Jersey area popular because of its corporate offices, parks, research facilities, and technological advancements. It is a very lucrative commercial space for sale in New Jersey.
Morristown (Historical County)
Morristown, located in Morris County, combines historical elegance with modern-age comforts. It is a popular hub for legal firms, financial services, and healthcare organizations. This makes it a viable option for office space and real estate investment. This county’s downtown area provides quality living, attracting residents and investors.
The central business district in this county is the Morristown Green. This area has offices, hotels, restaurants, and retail shops. It is an ideal location for those who want to invest in commercial properties with intense foot traffic. Another popular place in commercial property listings is Speedwell Avenue. This area is going through many developments and is best for long-term investment plans.
Hoboken (City of Youngsters)
Hoboken is also very close to Manhattan and popular because of its commercial real estate in New Jersey. The city is known for its young, educated, and professional population. Besides being a popular place for investment in New Jersey, it is also quite famous because of its stunning views.
In Hoboken, the main commercial hub is Washington Street. This area is filled with shops, restaurants, office spaces, and other places, making it a viable investment opportunity, especially if you want to invest your money in the retail or hospitality sector. In addition, the terminal area in Hoboken is also considered the best for mixed-use developments.
Secaucus (Hub for Logistics)
Looking through the commercial property listings platform, you will see many investment opportunities in Secaucus. This is one of the most popular places for the industrial real estate market. This is all because of its major transportation routes and distribution centers. This location is ideal if you want to invest in logistics or warehouses. You would want to invest here if you already run a manufacturing business.
The Harmon Meadow is perfect for investors who want to buy commercial properties in New Jersey. Besides this, the meadowlands are also very famous for industrial and warehouse spaces. This place is considered a hub for logistics and distribution companies across the United States.
Bridgewater (Somerset County)
Bridgewater is also a very popular place in New Jersey. It is located in Somerset County and is known for its parks, retail centers, and corporate offices. The location of this town and the major highways connecting it make it accessible to both New York and Philadelphia, where most people with money live.
Bridgewater is particularly appealing to pharmaceuticals, finance, and professional services companies. The common areas are very popular for hospitality investments because of the famous attraction, the Commons Mall. Also, as a prominent regional office park, Somerset Corporate Center is home to major companies, making it an attractive location for office space investment.
Conclusion
New Jersey is a popular state for investors who want to make money in the long run. You will find many options if you are looking for commercial property listings in New Jersey. Commerfi is best in town for commercial and residencial property listing. This is why we have shortlisted some of the most popular places in this guide for investors looking forward to investing their money in real estate, retail, warehouses, etc. After reading this guide and exploring multiple commercial property listing platforms, we hope you can make an informed decision.
