Commercial Real Estate Market in Cedar Grove, NJ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 154 off-market properties in Cedar Grove, NJ. Commercial property asks $980/SF to buy and $30.00/SF/Yr to lease.
Market Trends
Cedar Grove, NJ spans 4.2 square miles in Essex County, New Jersey. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Cedar Grove, NJ asks $181/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 Cedar Grove, NJ asks $133/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 Cedar Grove, 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 Cedar Grove, NJ asks $235/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
Cedar Grove, NJ has 13,014 residents in 5,107 households. Density runs 3,062 people per square mile. Median household income here is $153,654 and median gross rent $1,693 a month.
13,014
Population
5,107
Households
2.5
Avg Household Size
46
Median Age
58%
College-Educated
97%
High-School Grad
4.2 sq mi
ZIP Area
3,062
Density / Sq Mi
$153,654
Median Household Income
$84,065
Median Earnings
$1,693
Median Rent
$600,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Little Falls | — | $30.96 |
| Verona | — | — |
| North Caldwell | — | — |
| Montclair | — | $155.16 |
Commercial property in Cedar Grove, NJ asks $980/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cedar Grove?
Commercial property in Cedar Grove, NJ asks an average of $980 per square foot. Multifamily carries the highest asking price at $235/SF.
How much does it cost to lease commercial space in Cedar Grove?
Asking lease rates in Cedar Grove, NJ average $30.00 per square foot per year.
Where does Realmo's Cedar Grove market data come from?
Realmo compiles Cedar Grove, NJ figures from 6 recent recorded sales, 6 active sale listings, 8 active lease listings, 154 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 6 active for-sale and 8 active for-lease listings in Cedar Grove, 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
