Commercial Real Estate Market in Boonton, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
38 active listings and 287 off-market properties in Boonton, NJ. Commercial property asks $189/SF to buy and $23.18/SF/Yr to lease.
Market Trends
Boonton, NJ spans 18.3 square miles in Morris County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Boonton, NJ asks $200/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 Boonton, NJ asks $325/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 Boonton, 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 vacancy in Boonton, NJ runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 80.6%
- Industrial 11.4%
- Commercial 5.1%
- Civic 2.2%
- Mixed use 0.8%
Largest Zones share of zoned land by district
Single Family Residential 12500 Square Feet
Single Family Residential 6250 Square Feet
Single Family Residential 85000 Square Feet
Industry 100000 Square Feet
Single And Two Family Residential 6250 Square Feet
Boonton, NJ zones 1,587 acres across 19 districts. Commercial zoning covers 5.1% of zoned land, residential 80.6% and industrial 11.4%. The largest single district is Single Family Residential 12500 Square Feet at 33.8%. For commercial buyers the practical constraint is that only 16.4% of land carries a commercial or industrial designation.
Single Family Residential 12500 Square Feet (R-1A)
The purpose of this zone is to encourage the establishment and preservation of residential neighborhoods with a low density of single-family buildings on medium to large-sized lots. It is also intended to preserve undeveloped land for similar residential development
Market overview
Demographics & Economy
Boonton, NJ has 15,985 residents in 6,115 households. Density runs 873 people per square mile. Median household income here is $126,411 and median gross rent $1,779 a month.
15,985
Population
6,115
Households
2.6
Avg Household Size
43
Median Age
56%
College-Educated
96%
High-School Grad
18.3 sq mi
ZIP Area
873
Density / Sq Mi
$126,411
Median Household Income
$66,198
Median Earnings
$1,779
Median Rent
$565,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mountain Lakes | — | — |
| Montville Township | — | — |
| Boonton Township | — | — |
| Lake Hiawatha | — | — |
Commercial property in Boonton, NJ asks $189/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Boonton?
Commercial property in Boonton, NJ asks an average of $189 per square foot. The 5 most recent recorded sales traded at a median of $162/SF, so asking sits 16% above the achieved median. Retail carries the highest asking price at $325/SF.
How much does it cost to lease commercial space in Boonton?
Asking lease rates in Boonton, NJ average $23.18 per square foot per year.
What zoning applies to commercial property in Boonton?
Boonton, NJ zones 1,587 acres across 19 districts, of which 5.1% is commercial and 11.4% industrial. The largest single district is Single Family Residential 12500 Square Feet at 33.8% of zoned land. The purpose of this zone is to encourage the establishment and preservation of residential neighborhoods with a low density of single-family buildings on medium to large-sized lots. It is also intended to preserve undeveloped land for similar residential development Residential zoning covers 80.6% and open space 0%.
Where does Realmo's Boonton market data come from?
Realmo compiles Boonton, NJ figures from 7 recent recorded sales, 22 active sale listings, 16 active lease listings, 287 tracked off-market properties, the current Boonton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 22 active for-sale and 16 active for-lease listings in Boonton, 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: 1,587 zoned acres across 19 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
