Commercial Real Estate Market in Budd Lake, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
26 active listings and 279 off-market properties in Budd Lake, NJ. Commercial property asks $55/SF to buy and $31.49/SF/Yr to lease.
Market Trends
Budd Lake, NJ spans 14.2 square miles in Morris County, New Jersey. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Budd Lake, 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 Budd Lake, 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 Budd Lake, 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 Budd Lake, NJ runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Budd Lake, NJ has 14,473 residents in 5,970 households. Density runs 1,022 people per square mile. Median household income here is $96,989 and median gross rent $1,483 a month.
14,473
Population
5,970
Households
2.4
Avg Household Size
39
Median Age
44%
College-Educated
95%
High-School Grad
14.2 sq mi
ZIP Area
1,022
Density / Sq Mi
$96,989
Median Household Income
$57,074
Median Earnings
$1,483
Median Rent
$433,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mount Olive | — | — |
| Roxbury Township | — | — |
| Netcong | — | — |
| Stanhope | — | — |
Commercial property in Budd Lake, NJ asks $55/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Budd Lake?
Commercial property in Budd Lake, NJ asks an average of $55 per square foot. The 3 most recent recorded sales traded at a median of $460/SF. Retail carries the highest asking price at $325/SF.
How much does it cost to lease commercial space in Budd Lake?
Asking lease rates in Budd Lake, NJ average $31.49 per square foot per year.
Where does Realmo's Budd Lake market data come from?
Realmo compiles Budd Lake, NJ figures from 3 recent recorded sales, 14 active sale listings, 12 active lease listings, 279 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 12 active for-lease listings in Budd Lake, 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
