Commercial Real Estate Market in Butler, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
24 active listings and 217 off-market properties in Butler, NJ. Commercial property asks $368/SF to buy and $22.02/SF/Yr to lease.
Market Trends
Butler, NJ spans 19.8 square miles in Morris County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Butler, 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 Butler, 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 Butler, 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 Butler, 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 59.9%
- Commercial 31.5%
- Industrial 8.1%
- Mixed use 0.6%
Largest Zones share of zoned land by district
Residence
Residence
Residence
Highway Commercial
Residence
Butler, NJ zones 1,260 acres across 14 districts. Commercial zoning covers 31.5% of zoned land, residential 59.9% and industrial 8.1%. The largest single district is Residence at 33.4%. For commercial buyers the practical constraint is that only 39.5% of land carries a commercial or industrial designation.
Residence (R-1)
R-1 Through R-4 R-5 R-6 R-7 R-8 SC HC CBD LI LI/ CBD Principal Use On-family dwellings X X X 1 X 2 Two-family dwellings X Apartments X 1 X 3 X Townhouse X 4 X 5A Townhouse and Apartments X 5A Senior Citizen Housing X Public Purpose Uses X X X X X X X X X X Private Parks and Beaches X X X X Retail Stores and Shops X X 17 X Business and Professional Offices X…
Market overview
Demographics & Economy
Butler, NJ has 17,910 residents in 6,990 households. Density runs 904 people per square mile. Median household income here is $127,500 and median gross rent $1,526 a month.
17,910
Population
6,990
Households
2.6
Avg Household Size
43
Median Age
57%
College-Educated
96%
High-School Grad
19.8 sq mi
ZIP Area
904
Density / Sq Mi
$127,500
Median Household Income
$69,919
Median Earnings
$1,526
Median Rent
$552,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kinnelon | — | — |
| Bloomingdale | — | — |
| Riverdale | — | — |
| Pompton Lakes | — | — |
Commercial property in Butler, NJ asks $368/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Butler?
Commercial property in Butler, NJ asks an average of $368 per square foot. The 7 most recent recorded sales traded at a median of $185/SF, so asking sits 99% above the achieved median. Retail carries the highest asking price at $325/SF.
How much does it cost to lease commercial space in Butler?
Asking lease rates in Butler, NJ average $22.02 per square foot per year.
What zoning applies to commercial property in Butler?
Butler, NJ zones 1,260 acres across 14 districts, of which 31.5% is commercial and 8.1% industrial. The largest single district is Residence at 33.4% of zoned land. Residential zoning covers 59.9% and open space 0%.
Where does Realmo's Butler market data come from?
Realmo compiles Butler, NJ figures from 7 recent recorded sales, 16 active sale listings, 8 active lease listings, 217 tracked off-market properties, the current Butler zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 8 active for-lease listings in Butler, 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: 1,260 zoned acres across 14 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
