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Paramus, NJ Insightsas of Oct 2026
Population size
27 K People
Population growth
0.1%
Age distribution
0-17: 18.5
18-64: 55.3
65+: 26.2 percent
18-64: 55.3
65+: 26.2 percent
Household size
2.94 People
Household composition
82.6 owner-occupied, 17.4 renter-occupied percent
Education level
94 HS+, 51.8 Bachelor's+ percent
Median household income
144,349 USD/year
Employment rate
59.6 %
Job growth
1.5 %
Dominant industries
Retail, Healthcare, Professional services
Cost of living index
145 index (US=100)
Retail sales per capita
206,999 USD
Disposable income
45,000 USD/person/year
Spending behavior by category - apparel, dining, electronics
Apparel: 4, Dining: 6, Electronics: 2 percent of disposable income
Existing retail mix
Department stores, fashion, electronics, dining in major malls
Number of competitors
25 major retailers
Market saturation
High
Presence of anchor tenants
Yes, Macy's, Nordstrom, JCPenney
Foot traffic from nearby businesses
High
Rent costs
430 USD/sqm/year
Property values
813,900 USD
Zoning laws
C-1, C-2 commercial zones allow retail
Business permits
Standard NJ registration required
Availability of retail space
Limited
Proximity to major roads
Direct to Route 4, 17, GSP
Public transportation access
NJ Transit buses available
Parking availability
15,000 spaces
Pedestrian traffic
Moderate
Vehicle traffic
100,000 vehicles/day on Rt 4/17
Public transport accessibility
Good bus, limited rail
Commute times
30.8 minutes
Work patterns
Standard 9-5 office, retail shifts
Shopping preferences
Convenience, branded malls, tax-free clothing
Brand affinity
Mid-luxury: Nordstrom, Apple, Zara
Consumer loyalty
High to local malls
Entertainment and leisure trends
Mall-based shopping and dining
Crime statistics
2.5 violent crimes/1,000 residents
Shoplifting rates
1 percent of sales
Public safety measures
Police patrols, mall security
Tourist spending
500,000,000 USD/year
Tourist footfall
5,000,000 visitors/year
Major local events
Holiday sales events, mall promotions
Seasonal attractions
Holiday shopping, summer sales
E-commerce penetration
16 %
Click-and-collect adoption
20 %
Local preference for in-store shopping
70 %
Total retail space
280,000 sqm
Retail space per capita
10 SQM
Projected growth in retail space
1 %
Retail leakage rate
-5 %
Sustainable retail demand
High
Major upcoming retail projects
Garden State Plaza renovations
Grocery market share distribution - Top 3 retailers & market share
ShopRite: 40, Whole Foods: 25, Stop & Shop: 20 percent
Consumer spending patterns
High on apparel and dining
Grocery expenditure trends
500 USD/month/household
Luxury retail performance
Strong
Top mall shopping preferences
Garden State Plaza primary
Shopping trips to other cities - % of residents
20 percent
Key drivers for mall visits
Shopping, dining, entertainment
Preferred brand categories - Luxury fashion, Value fashion, etc.
Luxury fashion: 30, Value fashion: 20, Electronics: 15 percent of visits
Number of existing malls
2 major
Total retail footfall - annual visits across malls
20,000,000 sqm
Retail market gaps
Experiential and pop-up retail
Trade area population
500,000 people
Retail potential in catchment area
High
Projected retail growth rate
2 %
Preferred mall layouts
Enclosed with open-air elements
Public transport access
Bus lines from NYC
Walkability score
40 score (Walkscore 0-100)
Road infrastructure & car access
Excellent highways Rt 4/17
Parking capacity in comparable malls
15,000 spaces
Surrounding land use & future developments
Residential/commercial mix, mixed-use planned
Retail Destinations in Paramus, NJ
Browse 2 retail destinations in Paramus, NJ, United States. Explore retail leasing opportunities, space availability, and market analytics on Occupi.
Paramus, NJ at a Glance
- Total Properties2
- CountryUnited States
