Retail Spaces in Newark
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Reonomy attracts a large community of Newark commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in retail spaces.
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Newark retail space sold prices and values
| Values and sold prices (last 24 months) | United States | Delaware | Newark |
|---|---|---|---|
| Average price/sqft | $3,998 | -- | -- |
| Average sold price | $2,705,987 | -- | -- |
| Median sold price | $342,854 | -- | -- |
| Number of sales | 105,061 | -- | -- |
| Number of sales over $250k | 60,356 | -- | -- |
| Number of sales over $1m | 29,446 | -- | -- |
| Number of sales over $10m | 4,003 | -- | -- |
| Average total tax amount | $17,314 | -- | -- |
| Average assessed value | $708,639 | -- | -- |
| Average market value | $928,634 | -- | -- |
Newark retail space property averages
| Property averages | United States | Delaware | Newark |
|---|---|---|---|
| Average lot size | 482,646 sf | 7,115 sf | -- |
| Median lot size | 20,015 sf | 6,534 sf | -- |
| Average building area | 598 sf | 56 sf | -- |
| Median building area | 57 sf | 56 sf | -- |
| Median year built | 1972 | 1920 | -- |
| Average number of units | 12 | -- | -- |
| Median number of units | -- | -- | -- |
Newark retail space total supply
| Supply | United States | Delaware | Newark |
|---|---|---|---|
| Number of parcels | 1,463,248 | 3 | -- |
| Aggregate lot acerage | 60,801,040 | -- | -- |
| Aggregate building area | 384,312,130 sf | 112 sf | -- |
| Aggregate units | 3,863,692 | -- | -- |
Newark retail space industrial mortgages
| Debt | United States | Delaware | Newark |
|---|---|---|---|
| Number of mortgages | 2,168,581 | 9 | -- |
| Average value of mortgages | $14,862,392 | $108,405 | -- |
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