Commercial Real Estate Market in Newark, DE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
156 active listings and 1,627 off-market properties in Newark, DE. Commercial property asks $39/SF to buy and $17.68/SF/Yr to lease.
Market Trends
Newark, DE spans 69.4 square miles in New Castle County, Delaware. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Newark, DE runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Newark, DE runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Newark, DE runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Newark, DE runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 39.2%
- Civic 15.9%
- Open space 8.3%
- Commercial 8.3%
- Industrial 8.2%
- Special 7.4%
Largest Zones share of zoned land by district
Single Family Residential
University Or College
Parkland
Special Flood Hazard Area
General Industrial
Single Family Residential (RS)
AMENDMENT 3. Amend Section 32-9, RH districts (one-family detached residential, including RH, RT and RS districts, subsection (a)(3), by adding thereto the words "but not including student homes" after the word "premises" in the first sentence so that it reads, in part, as follows: "The taking of nontransient boarders or roomers in a one-family dwelling by a…
Market overview
Demographics & Economy
Newark, DE has 142,240 residents in 56,074 households. Density runs 2,050 people per square mile. Median household income here is $88,512 and median gross rent $1,477 a month.
142,240
Population
56,074
Households
2.5
Avg Household Size
35
Median Age
42%
College-Educated
93%
High-School Grad
69.4 sq mi
ZIP Area
2,050
Density / Sq Mi
$88,512
Median Household Income
$43,545
Median Earnings
$1,477
Median Rent
$332,350
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kirkwood | — | — |
| Elkton | — | $13.14 |
| Bear | — | — |
| Elk Mills | — | — |
Commercial property in Newark, DE asks $39/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Newark?
Commercial property in Newark, DE asks an average of $39 per square foot.
How much does it cost to lease commercial space in Newark?
Asking lease rates in Newark, DE average $17.68 per square foot per year.
Where does Realmo's Newark market data come from?
Realmo compiles Newark, DE figures from 51 active sale listings, 105 active lease listings, 1,627 tracked off-market properties, the current Newark zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 51 active for-sale and 105 active for-lease listings in Newark, DE. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 6,075 zoned acres across 20 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
