Newport Plaza

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  • 125 18th St Jersey City New Jersey 7310 United States
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1REC's Take
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1REC's Take
Pros

✔ Conveniently located ✔ Strong anchor tenants like Best Buy ✔ Easy access to public transport

Cons

✘ Smaller size compared to nearby malls ✘ Limited upscale shopping options ✘ Can get busy

Shopper Profile

✦ Young Professionals: Working in nearby offices ✦ Families: Local residents ✦ Preferences: Retail stores, dining, services

About Location
Nestled in the dynamic Jersey City, this plaza pulls in young professionals and urban families. It has a blend of retail and dining, with rents that are more affordable than neighboring Manhattan.
Trade Area Summary

Basic Demographics

Median Household Income: $96,896
Consumer Expenditure: $27,435,914,205
Population: 781,217
Daytime Population: 1,137,577
Source Notes: Data reflects 20 minute drive times as of Q3 2023 (Experian) and is provided by Dallimore & Co, a boutique advisory firm specializing in growth strategy, real estate solutions, and M&A for specialty retail and consumer brands.

Household Segment Breakdown

Segment #1: G – Educated Urbanites (81%)
Segment #2: A – Ultra Wealthy Families (12%)
Segment #3: Q – City Hopefuls (3%)
All Other Segments: 4%

Source Notes: Segment data reflects 0.25mi radius and is provided by Spatial.ai, an AI-Powered segmentation platform for retail marketers.

Occupancy
Tenant Sales per Square Foot: $750
Occupancy Rate: 93%
Anchor Tenants: Newport Centre, Various retail stores
Tenant Rent/Sales Ratio (%): 13.33% – 26.67%
Rent $ / Visitor: $14.29
Source Notes: Data sourced from public and private records.
Know Before You Go
Preferred ISP(s)
Optimum, Verizon
Estimated Permit Timeline (weeks)
6-8
Landmarks Risk
Low
Union Labor Disharmony Likelihood
Medium
Recommended Vendors' Links 🔗

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MSA: New York-Newark-Jersey City NY-NJ-PA
Address: 125 18th St
Jersey City
New Jersey
7310
United States
Place Tags: Mall
Website
Retail Type: Lifestyle Centers

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