Plaza Livingston Photo Gallery

Livingston, NJ, serves a affluent population of 30,358 township residents and 154,504 within 5 miles, with average household income of $190,447 and 18,247 households in 3 miles. Over 60% are professionals commuting to NYC, supporting high-end retail with spending power exceeding $12 billion annually in the trade area. The plaza's Eisenhower Parkway location provides excellent visibility to 45,000+ daily vehicles and proximity to office parks employing 20,000, ensuring steady daytime footfall. Public transit via NJ Transit buses adds accessibility, though car dependency is high at 85%. Risks include seasonal traffic congestion on I-280, potentially reducing impulse visits.

The tenant mix at Plaza Livingston focuses on food and beverage outlets like Tacoria alongside potential services and small-format retail, complementing nearby anchors such as TJ Maxx and Ulta Beauty in Livingston Shopping Center. Local market occupancy stands at 96%, with low vacancy under 4% reflecting strong leasing velocity for spaces under 5,000 SF. Advantages include diverse category balance avoiding oversaturation in apparel, but challenges arise from weak performance in non-essential categories amid e-commerce growth. Operational quality features 300+ parking spaces with good maintenance, though footfall metrics average 5,000 daily visitors, reliant on synergy with adjacent properties.

Asking rents at Plaza Livingston range from $45 to $55 per square foot NNN, aligning with suburban Essex County averages where prime corridor spaces command $50-60/SF. Lease terms typically include 5-10 year commitments with 3-5% annual escalations and sales percentage rents at 6-8% above breakpoints of $300-400/SF. Strengths lie in predictable cash flows from high-traffic exposure and supportive market with 2% YoY rent growth. However, risks involve intense competition from 10+ regional centers leading to 5-7% sales volatility, access issues from parkway merging, and aging infrastructure in some 1970s-era buildings potentially increasing capex needs. Market saturation in casual dining could pressure new entrants.