Commercial Real Estate Market in Berkeley Heights, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 127 off-market properties in Berkeley Heights, NJ. Commercial property asks $54/SF to buy and $24.00/SF/Yr to lease.
Market Trends
Berkeley Heights, NJ spans 5.6 square miles in Union County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Berkeley Heights, NJ asks $283/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Berkeley Heights, NJ asks $403/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Berkeley Heights, NJ runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Berkeley Heights, NJ asks $288/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Berkeley Heights, NJ has 12,311 residents in 4,474 households. Density runs 2,206 people per square mile. Median household income here is $179,006 and median gross rent $1,986 a month.
12,311
Population
4,474
Households
2.8
Avg Household Size
44
Median Age
73%
College-Educated
98%
High-School Grad
5.6 sq mi
ZIP Area
2,206
Density / Sq Mi
$179,006
Median Household Income
$107,844
Median Earnings
$1,986
Median Rent
$697,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Gillette | — | — |
| New Providence | — | — |
| Watchung | — | — |
| Chatham Township | — | — |
Commercial property in Berkeley Heights, NJ asks $54/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Berkeley Heights?
Commercial property in Berkeley Heights, NJ asks an average of $54 per square foot. Retail carries the highest asking price at $403/SF.
How much does it cost to lease commercial space in Berkeley Heights?
Asking lease rates in Berkeley Heights, NJ average $24.00 per square foot per year.
Where does Realmo's Berkeley Heights market data come from?
Realmo compiles Berkeley Heights, NJ figures from 3 recent recorded sales, 8 active sale listings, 6 active lease listings, 127 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 6 active for-lease listings in Berkeley Heights, NJ. 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.
- 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 Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast 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
