5 Commerce Street

Off Market

5 Commerce Street, Newark, NJ 07102

  • Office
  • General Office
  • 32,000 Sqft

5 Commerce Street, Newark, NJ 07102 - Office Space

5 Commerce Street is located at 5 Commerce Street in the Downtown Newark neighborhood, NJ, Newark, 07102. The Class B Office building was completed in 1930 and features a total of 32,000 Sqft.

There are 134 office spaces for lease in the Downtown Newark neighborhood, totaling 2,217,176 Sqft of available office space. The office space availability for the 07102 zip code is 2,217,176 Sqft, in 134 office spaces. The average asking office rent per sq. ft. in Downtown Newark is $30.27/sqft/year. For Class A office buildings the average office rate is $32.06/sqft/year, for Class B office buildings the average office rate is $22.25/sqft/year.

In Downtown Newark, there are 21 class B office buildings. In Downtown Newark, there are a total of 3 LEED certified office buildings. At zip code level, there are 38 commercial properties, of which 37 are office buildings over 50,000 square feet.

Nearby Listings

Nearby Properties

Details

  • City Newark
  • Neighborhood Downtown Newark
  • Zip Code 07102
  • Market New Jersey
  • Property Type Office - General Office
  • Property Size 32,000 Sqft
  • Lot Size 0.12 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1930
  • Date Updated 07 Apr, 2020

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 5 Commerce Street?

5 Commerce Street totals 32,000 square feet.

When was this property built?

5 Commerce Street was built in 1930.

Downtown Newark Demographics

The average household income in zip code 07102 is $47,412, from a total of 5,501 households. In terms of employment, there are 71.75 % white-collar and 28.25 % blue-collar jobs in zip code 07102.

Population

  • Total Population13,505
  • Male Population(51.1 %) 6,898
  • Female Population(48.9 %) 6,607
  • Median Age33.60

Income/Financial

  • Average Household Income$47,412
  • Median Household Income$25,677
  • Median Income 25-44$43,942
  • Median Income 45-64$30,867
  • Median Income Over 65$14,337