Commercial Real Estate Market in Bernardsville, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
22 active listings and 176 off-market properties in Bernardsville, NJ. Commercial property asks $432/SF to buy and $11.08/SF/Yr to lease.
Market Trends
Bernardsville, NJ spans 12.0 square miles in Somerset County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Bernardsville, NJ asks $6/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 Bernardsville, NJ asks $92/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 Bernardsville, 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 Bernardsville, NJ asks $327/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Civic 98.7%
- Industrial 0.9%
- Residential 0.3%
Largest Zones share of zoned land by district
Residence District
Residence District
Residence District
Residence District
Residence District
Residence District (R-1-10)
R-1-10 RESIDENCE DISTRICT. § LD-12-22.1 Primary Intended Uses. § LD-12-22.2 Prohibited Uses. § LD-12-22.3 Required Conditions. § LD-12-22.4 Nonconforming Lots. § LD-12-23 SUPPLEMENTARY REGULATIONS AND GENERAL PROVISIONS.
Market overview
Demographics & Economy
Bernardsville, NJ has 7,650 residents in 2,683 households. Density runs 639 people per square mile. Median household income here is $230,752 and median gross rent $2,155 a month.
7,650
Population
2,683
Households
2.9
Avg Household Size
41
Median Age
69%
College-Educated
93%
High-School Grad
12 sq mi
ZIP Area
639
Density / Sq Mi
$230,752
Median Household Income
$74,760
Median Earnings
$2,155
Median Rent
$733,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Far Hills | — | — |
| Basking Ridge | — | — |
| Liberty Corner | — | — |
| Millington | — | — |
Commercial property in Bernardsville, NJ asks $432/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bernardsville?
Commercial property in Bernardsville, NJ asks an average of $432 per square foot. The 3 most recent recorded sales traded at a median of $914/SF. Multifamily carries the highest asking price at $327/SF.
How much does it cost to lease commercial space in Bernardsville?
Asking lease rates in Bernardsville, NJ average $11.08 per square foot per year.
Where does Realmo's Bernardsville market data come from?
Realmo compiles Bernardsville, NJ figures from 5 recent recorded sales, 14 active sale listings, 8 active lease listings, 176 tracked off-market properties, the current Bernardsville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 8 active for-lease listings in Bernardsville, 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.
- Zoning and land use
- The current municipal zoning release: 8,274 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 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
